This property looks like a bad Long-Term investment with a projected -16.17% first-year return on $80,766 initial cash invested.
-16.17%
Cash On Cash
3.45%
Cap Rate
0.52
DSCR
$1,749
Rent
-$1,088
Cashflow
Cash Flow
$1,749 income − $2,837 expenses = $1,088 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,766
Downpayment
20%
$76,920
Closing costs
1%
$3,846
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,749
Total Expenses
$2,837
Mortgage P&I
120%
$2,107
Property Taxes
8%
$136
Home Insurance
8%
$140
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0