This property looks like a bad Long-Term investment with a projected -6.79% first-year return on $81,270 initial cash invested.
-6.79%
Cash On Cash
5.21%
Cap Rate
0.84
DSCR
$2,621
Rent
-$460
Cashflow
Cash Flow
$2,621 income − $3,081 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,270
Downpayment
20%
$77,400
Closing costs
1%
$3,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,621
Total Expenses
$3,081
Mortgage P&I
77%
$2,008
Property Taxes
6%
$170
Home Insurance
5%
$136
HOA
3%
$86
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0