This property looks like a bad Long-Term investment with a projected -14.44% first-year return on $81,522 initial cash invested.
-14.44%
Cash On Cash
3.81%
Cap Rate
0.59
DSCR
$2,702
Rent
-$981
Cashflow
Cash Flow
$2,702 income − $3,683 expenses = $981 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,522
Downpayment
20%
$77,640
Closing costs
1%
$3,882
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,702
Total Expenses
$3,683
Mortgage P&I
77%
$2,078
Property Taxes
29%
$772
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0