This property looks like a bad Long-Term investment with a projected -11.9% first-year return on $81,480 initial cash invested.
-11.9%
Cash On Cash
4.4%
Cap Rate
0.67
DSCR
$2,352
Rent
-$808
Cashflow
Cash Flow
$2,352 income − $3,160 expenses = $808 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,480
Downpayment
20%
$77,600
Closing costs
1%
$3,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,352
Total Expenses
$3,160
Mortgage P&I
90%
$2,112
Property Taxes
13%
$314
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0