This property looks like a bad Long-Term investment with a projected -11.06% first-year return on $81,081 initial cash invested.
-11.06%
Cash On Cash
4.71%
Cap Rate
0.7
DSCR
$2,240
Rent
-$747
Cashflow
Cash Flow
$2,240 income − $2,987 expenses = $747 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,081
Downpayment
20%
$77,220
Closing costs
1%
$3,861
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,240
Total Expenses
$2,987
Mortgage P&I
96%
$2,151
Property Taxes
5%
$116
Home Insurance
6%
$138
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0