This property looks like a bad Long-Term investment with a projected -13.13% first-year return on $81,438 initial cash invested.
-13.13%
Cash On Cash
4.24%
Cap Rate
0.64
DSCR
$2,372
Rent
-$891
Cashflow
Cash Flow
$2,372 income − $3,263 expenses = $891 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,438
Downpayment
20%
$77,560
Closing costs
1%
$3,878
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,372
Total Expenses
$3,263
Mortgage P&I
90%
$2,143
Property Taxes
15%
$363
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0