This property looks like a bad Long-Term investment with a projected -21.71% first-year return on $80,850 initial cash invested.
-21.71%
Cash On Cash
2.38%
Cap Rate
0.35
DSCR
$1,487
Rent
-$1,463
Cashflow
Cash Flow
$1,487 income − $2,950 expenses = $1,463 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,487
Total Expenses
$2,950
Mortgage P&I
145%
$2,153
Property Taxes
19%
$276
Home Insurance
9%
$135
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0