This property looks like a bad Long-Term investment with a projected -8.79% first-year return on $81,102 initial cash invested.
-8.79%
Cash On Cash
4.65%
Cap Rate
0.76
DSCR
$2,365
Rent
-$594
Cashflow
Cash Flow
$2,365 income − $2,959 expenses = $594 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,102
Downpayment
20%
$77,240
Closing costs
1%
$3,862
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,365
Total Expenses
$2,959
Mortgage P&I
83%
$1,974
Property Taxes
9%
$214
Home Insurance
6%
$136
HOA
1%
$21
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0