This property looks like a bad Long-Term investment with a projected -14.46% first-year return on $81,165 initial cash invested.
-14.46%
Cash On Cash
3.91%
Cap Rate
0.59
DSCR
$1,951
Rent
-$978
Cashflow
Cash Flow
$1,951 income − $2,929 expenses = $978 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,165
Downpayment
20%
$77,300
Closing costs
1%
$3,865
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,951
Total Expenses
$2,929
Mortgage P&I
110%
$2,140
Property Taxes
7%
$141
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0