This property looks like a bad Long-Term investment with a projected -8.28% first-year return on $81,774 initial cash invested.
-8.28%
Cash On Cash
5.24%
Cap Rate
0.8
DSCR
$3,020
Rent
-$564
Cashflow
Cash Flow
$3,020 income − $3,584 expenses = $564 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,774
Downpayment
20%
$77,880
Closing costs
1%
$3,894
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,020
Total Expenses
$3,584
Mortgage P&I
70%
$2,112
Property Taxes
18%
$551
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0