This property looks like a bad Long-Term investment with a projected -12.02% first-year return on $81,270 initial cash invested.
-12.02%
Cash On Cash
4.51%
Cap Rate
0.68
DSCR
$2,314
Rent
-$814
Cashflow
Cash Flow
$2,314 income − $3,128 expenses = $814 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,270
Downpayment
20%
$77,400
Closing costs
1%
$3,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,314
Total Expenses
$3,128
Mortgage P&I
93%
$2,153
Property Taxes
10%
$233
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0