This property looks like a bad Long-Term investment with a projected -13.59% first-year return on $81,417 initial cash invested.
-13.59%
Cash On Cash
3.61%
Cap Rate
0.59
DSCR
$1,905
Rent
-$922
Cashflow
Cash Flow
$1,905 income − $2,827 expenses = $922 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,417
Downpayment
20%
$77,540
Closing costs
1%
$3,877
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,905
Total Expenses
$2,827
Mortgage P&I
105%
$1,994
Property Taxes
10%
$189
Home Insurance
8%
$150
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0