This property looks like a bad Long-Term investment with a projected -10.12% first-year return on $80,850 initial cash invested.
-10.12%
Cash On Cash
4.71%
Cap Rate
0.73
DSCR
$2,486
Rent
-$682
Cashflow
Cash Flow
$2,486 income − $3,168 expenses = $682 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,486
Total Expenses
$3,168
Mortgage P&I
83%
$2,069
Property Taxes
13%
$318
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0