This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $80,850 initial cash invested.
-9.74%
Cash On Cash
4.85%
Cap Rate
0.75
DSCR
$2,559
Rent
-$656
Cashflow
Cash Flow
$2,559 income − $3,215 expenses = $656 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,559
Total Expenses
$3,215
Mortgage P&I
81%
$2,084
Property Taxes
13%
$330
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0