This property looks like a bad Long-Term investment with a projected -13.02% first-year return on $80,850 initial cash invested.
-13.02%
Cash On Cash
3.96%
Cap Rate
0.62
DSCR
$2,166
Rent
-$877
Cashflow
Cash Flow
$2,166 income − $3,043 expenses = $877 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,166
Total Expenses
$3,043
Mortgage P&I
94%
$2,038
Property Taxes
12%
$261
Home Insurance
6%
$135
HOA
2%
$46
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0