This property looks like a bad Long-Term investment with a projected -14.84% first-year return on $80,871 initial cash invested.
-14.84%
Cash On Cash
3.75%
Cap Rate
0.57
DSCR
$1,903
Rent
-$1,000
Cashflow
Cash Flow
$1,903 income − $2,903 expenses = $1,000 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,871
Downpayment
20%
$77,020
Closing costs
1%
$3,851
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,903
Total Expenses
$2,903
Mortgage P&I
111%
$2,108
Property Taxes
11%
$201
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0