This property looks like a bad Long-Term investment with a projected -4.2% first-year return on $80,850 initial cash invested.
-4.2%
Cash On Cash
6.11%
Cap Rate
0.93
DSCR
$2,864
Rent
-$283
Cashflow
Cash Flow
$2,864 income − $3,147 expenses = $283 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,864
Total Expenses
$3,147
Mortgage P&I
73%
$2,101
Property Taxes
6%
$167
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0