This property looks like a bad Long-Term investment with a projected -15.26% first-year return on $80,850 initial cash invested.
-15.26%
Cash On Cash
3.28%
Cap Rate
0.53
DSCR
$1,610
Rent
-$1,028
Cashflow
Cash Flow
$1,610 income − $2,638 expenses = $1,028 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,610
Total Expenses
$2,638
Mortgage P&I
124%
$2,000
Property Taxes
5%
$85
Home Insurance
8%
$135
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$97
Maintenance
5%
$80
Other
0%
$0