This property looks like a bad Long-Term investment with a projected -11.44% first-year return on $80,850 initial cash invested.
-11.44%
Cash On Cash
4.64%
Cap Rate
0.7
DSCR
$2,570
Rent
-$771
Cashflow
Cash Flow
$2,570 income − $3,341 expenses = $771 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,570
Total Expenses
$3,341
Mortgage P&I
83%
$2,131
Property Taxes
16%
$408
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0