This property looks like a bad Long-Term investment with a projected -15.44% first-year return on $80,745 initial cash invested.
-15.44%
Cash On Cash
3.6%
Cap Rate
0.56
DSCR
$2,488
Rent
-$1,039
Cashflow
Cash Flow
$2,488 income − $3,527 expenses = $1,039 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,745
Downpayment
20%
$76,900
Closing costs
1%
$3,845
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,488
Total Expenses
$3,527
Mortgage P&I
83%
$2,068
Property Taxes
27%
$670
Home Insurance
6%
$143
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0