This property looks like a bad Long-Term investment with a projected -11.46% first-year return on $80,850 initial cash invested.
-11.46%
Cash On Cash
4.1%
Cap Rate
0.67
DSCR
$2,568
Rent
-$772
Cashflow
Cash Flow
$2,568 income − $3,340 expenses = $772 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,568
Total Expenses
$3,340
Mortgage P&I
76%
$1,959
Property Taxes
23%
$583
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0