This property looks like a bad Long-Term investment with a projected -16.59% first-year return on $80,850 initial cash invested.
-16.59%
Cash On Cash
3.36%
Cap Rate
0.51
DSCR
$1,681
Rent
-$1,118
Cashflow
Cash Flow
$1,681 income − $2,799 expenses = $1,118 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,681
Total Expenses
$2,799
Mortgage P&I
126%
$2,113
Property Taxes
7%
$114
Home Insurance
8%
$135
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0