This property looks like a bad Long-Term investment with a projected -11.65% first-year return on $81,375 initial cash invested.
-11.65%
Cash On Cash
4.33%
Cap Rate
0.67
DSCR
$2,065
Rent
-$790
Cashflow
Cash Flow
$2,065 income − $2,855 expenses = $790 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,375
Downpayment
20%
$77,500
Closing costs
1%
$3,875
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,065
Total Expenses
$2,855
Mortgage P&I
101%
$2,085
Property Taxes
5%
$98
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0