This property looks like a bad Long-Term investment with a projected -22.47% first-year return on $80,850 initial cash invested.
-22.47%
Cash On Cash
1.71%
Cap Rate
0.27
DSCR
$1,225
Rent
-$1,514
Cashflow
Cash Flow
$1,225 income − $2,739 expenses = $1,514 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,225
Total Expenses
$2,739
Mortgage P&I
163%
$2,002
Property Taxes
23%
$284
Home Insurance
11%
$135
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$74
Maintenance
5%
$61
Other
0%
$0