This property looks like a bad Long-Term investment with a projected -10.58% first-year return on $81,060 initial cash invested.
-10.58%
Cash On Cash
4.74%
Cap Rate
0.72
DSCR
$2,362
Rent
-$715
Cashflow
Cash Flow
$2,362 income − $3,077 expenses = $715 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,060
Downpayment
20%
$77,200
Closing costs
1%
$3,860
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,362
Total Expenses
$3,077
Mortgage P&I
90%
$2,122
Property Taxes
7%
$165
Home Insurance
6%
$147
HOA
1%
$29
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0