This property looks like a bad Long-Term investment with a projected -9.33% first-year return on $80,892 initial cash invested.
-9.33%
Cash On Cash
5.1%
Cap Rate
0.77
DSCR
$2,737
Rent
-$629
Cashflow
Cash Flow
$2,737 income − $3,366 expenses = $629 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,892
Downpayment
20%
$77,040
Closing costs
1%
$3,852
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,737
Total Expenses
$3,366
Mortgage P&I
78%
$2,128
Property Taxes
14%
$381
Home Insurance
5%
$140
HOA
0%
$5
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0