This property looks like a bad Long-Term investment with a projected -10.91% first-year return on $80,850 initial cash invested.
-10.91%
Cash On Cash
4.46%
Cap Rate
0.7
DSCR
$2,191
Rent
-$735
Cashflow
Cash Flow
$2,191 income − $2,926 expenses = $735 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,191
Total Expenses
$2,926
Mortgage P&I
94%
$2,057
Property Taxes
7%
$159
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$131
Maintenance
5%
$110
Other
0%
$0