This property looks like a bad Long-Term investment with a projected -13.22% first-year return on $80,766 initial cash invested.
-13.22%
Cash On Cash
4.2%
Cap Rate
0.63
DSCR
$2,189
Rent
-$890
Cashflow
Cash Flow
$2,189 income − $3,079 expenses = $890 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,766
Downpayment
20%
$76,920
Closing costs
1%
$3,846
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,189
Total Expenses
$3,079
Mortgage P&I
97%
$2,127
Property Taxes
11%
$249
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0