This property looks like a bad Long-Term investment with a projected -11.09% first-year return on $80,850 initial cash invested.
-11.09%
Cash On Cash
4.23%
Cap Rate
0.68
DSCR
$1,951
Rent
-$747
Cashflow
Cash Flow
$1,951 income − $2,698 expenses = $747 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,951
Total Expenses
$2,698
Mortgage P&I
103%
$2,005
Property Taxes
3%
$50
Home Insurance
7%
$135
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0