This property looks like a bad Long-Term investment with a projected -10.88% first-year return on $80,850 initial cash invested.
-10.88%
Cash On Cash
4.65%
Cap Rate
0.71
DSCR
$2,218
Rent
-$733
Cashflow
Cash Flow
$2,218 income − $2,951 expenses = $733 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
$2,218
Total Expenses
$2,951
Mortgage P&I
95%
$2,113
Property Taxes
6%
$126
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0