This property looks like a bad Long-Term investment with a projected -12.18% first-year return on $80,892 initial cash invested.
-12.18%
Cash On Cash
4.59%
Cap Rate
0.68
DSCR
$2,827
Rent
-$821
Cashflow
Cash Flow
$2,827 income − $3,648 expenses = $821 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,892
Downpayment
20%
$77,040
Closing costs
1%
$3,852
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,827
Total Expenses
$3,648
Mortgage P&I
76%
$2,154
Property Taxes
22%
$623
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0