This property looks like a bad Long-Term investment with a projected -7.76% first-year return on $80,850 initial cash invested.
-7.76%
Cash On Cash
5.26%
Cap Rate
0.81
DSCR
$2,444
Rent
-$523
Cashflow
Cash Flow
$2,444 income − $2,967 expenses = $523 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,444
Total Expenses
$2,967
Mortgage P&I
85%
$2,089
Property Taxes
4%
$108
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0