This property looks like a bad Long-Term investment with a projected -17.51% first-year return on $80,850 initial cash invested.
-17.51%
Cash On Cash
2.79%
Cap Rate
0.45
DSCR
$1,418
Rent
-$1,180
Cashflow
Cash Flow
$1,418 income − $2,598 expenses = $1,180 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
$1,418
Total Expenses
$2,598
Mortgage P&I
141%
$2,004
Property Taxes
6%
$90
Home Insurance
10%
$135
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0