This property looks like a bad Long-Term investment with a projected -10.62% first-year return on $80,829 initial cash invested.
-10.62%
Cash On Cash
4.65%
Cap Rate
0.71
DSCR
$2,065
Rent
-$715
Cashflow
Cash Flow
$2,065 income − $2,780 expenses = $715 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,829
Downpayment
20%
$76,980
Closing costs
1%
$3,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,065
Total Expenses
$2,780
Mortgage P&I
102%
$2,105
Property Taxes
0%
$4
Home Insurance
7%
$135
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0