This property looks like a bad Long-Term investment with a projected -12.41% first-year return on $80,955 initial cash invested.
-12.41%
Cash On Cash
4.26%
Cap Rate
0.66
DSCR
$2,578
Rent
-$837
Cashflow
Cash Flow
$2,578 income − $3,415 expenses = $837 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,955
Downpayment
20%
$77,100
Closing costs
1%
$3,855
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,578
Total Expenses
$3,415
Mortgage P&I
80%
$2,075
Property Taxes
21%
$538
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0