This property looks like a bad Long-Term investment with a projected -6.8% first-year return on $81,228 initial cash invested.
-6.8%
Cash On Cash
5.05%
Cap Rate
0.83
DSCR
$2,353
Rent
-$460
Cashflow
Cash Flow
$2,353 income − $2,813 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,228
Downpayment
20%
$77,360
Closing costs
1%
$3,868
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,353
Total Expenses
$2,813
Mortgage P&I
84%
$1,971
Property Taxes
4%
$90
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0