This property looks like a bad Long-Term investment with a projected -10.58% first-year return on $81,060 initial cash invested.
-10.58%
Cash On Cash
4.65%
Cap Rate
0.72
DSCR
$2,496
Rent
-$715
Cashflow
Cash Flow
$2,496 income − $3,211 expenses = $715 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,060
Downpayment
20%
$77,200
Closing costs
1%
$3,860
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,496
Total Expenses
$3,211
Mortgage P&I
84%
$2,085
Property Taxes
14%
$341
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0