This property looks like a bad Long-Term investment with a projected -6.83% first-year return on $80,850 initial cash invested.
-6.83%
Cash On Cash
5.15%
Cap Rate
0.83
DSCR
$2,486
Rent
-$460
Cashflow
Cash Flow
$2,486 income − $2,946 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,486
Total Expenses
$2,946
Mortgage P&I
80%
$1,987
Property Taxes
7%
$178
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0