This property looks like a bad Long-Term investment with a projected -11.25% first-year return on $81,375 initial cash invested.
-11.25%
Cash On Cash
4.22%
Cap Rate
0.68
DSCR
$2,309
Rent
-$763
Cashflow
Cash Flow
$2,309 income − $3,072 expenses = $763 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,375
Downpayment
20%
$77,500
Closing costs
1%
$3,875
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,309
Total Expenses
$3,072
Mortgage P&I
87%
$2,011
Property Taxes
14%
$325
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$139
Maintenance
5%
$115
Other
0%
$0