This property looks like a bad Long-Term investment with a projected -12% first-year return on $81,774 initial cash invested.
-12%
Cash On Cash
4.03%
Cap Rate
0.65
DSCR
$2,330
Rent
-$818
Cashflow
Cash Flow
$2,330 income − $3,148 expenses = $818 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,774
Downpayment
20%
$77,880
Closing costs
1%
$3,894
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,330
Total Expenses
$3,148
Mortgage P&I
86%
$2,011
Property Taxes
17%
$389
Home Insurance
6%
$133
HOA
0%
$10
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0