This property looks like a bad Long-Term investment with a projected -15.99% first-year return on $80,766 initial cash invested.
-15.99%
Cash On Cash
3.49%
Cap Rate
0.54
DSCR
$2,623
Rent
-$1,076
Cashflow
Cash Flow
$2,623 income − $3,699 expenses = $1,076 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,766
Downpayment
20%
$76,920
Closing costs
1%
$3,846
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,623
Total Expenses
$3,699
Mortgage P&I
79%
$2,064
Property Taxes
31%
$818
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0