This property looks like a bad Long-Term investment with a projected -13.12% first-year return on $81,102 initial cash invested.
-13.12%
Cash On Cash
4.39%
Cap Rate
0.65
DSCR
$2,425
Rent
-$887
Cashflow
Cash Flow
$2,425 income − $3,312 expenses = $887 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,102
Downpayment
20%
$77,240
Closing costs
1%
$3,862
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,425
Total Expenses
$3,312
Mortgage P&I
90%
$2,178
Property Taxes
14%
$335
Home Insurance
6%
$152
HOA
1%
$17
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0