This property looks like a bad Long-Term investment with a projected -5.53% first-year return on $81,312 initial cash invested.
-5.53%
Cash On Cash
5.89%
Cap Rate
0.89
DSCR
$2,834
Rent
-$375
Cashflow
Cash Flow
$2,834 income − $3,209 expenses = $375 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,312
Downpayment
20%
$77,440
Closing costs
1%
$3,872
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,834
Total Expenses
$3,209
Mortgage P&I
75%
$2,132
Property Taxes
7%
$204
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0