This property looks like a bad Long-Term investment with a projected -14.51% first-year return on $81,480 initial cash invested.
-14.51%
Cash On Cash
3.4%
Cap Rate
0.55
DSCR
$1,720
Rent
-$985
Cashflow
Cash Flow
$1,720 income − $2,705 expenses = $985 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,480
Downpayment
20%
$77,600
Closing costs
1%
$3,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,720
Total Expenses
$2,705
Mortgage P&I
116%
$1,999
Property Taxes
7%
$123
Home Insurance
8%
$136
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0