This property looks like a bad Long-Term investment with a projected -18% first-year return on $80,850 initial cash invested.
-18%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$2,156
Rent
-$1,213
Cashflow
Cash Flow
$2,156 income − $3,369 expenses = $1,213 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,156
Total Expenses
$3,369
Mortgage P&I
98%
$2,111
Property Taxes
26%
$562
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0