This property looks like a bad Long-Term investment with a projected -8.04% first-year return on $81,081 initial cash invested.
-8.04%
Cash On Cash
5.21%
Cap Rate
0.8
DSCR
$2,594
Rent
-$543
Cashflow
Cash Flow
$2,594 income − $3,137 expenses = $543 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,081
Downpayment
20%
$77,220
Closing costs
1%
$3,861
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,594
Total Expenses
$3,137
Mortgage P&I
80%
$2,088
Property Taxes
9%
$234
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0