This property looks like a bad Long-Term investment with a projected -14.14% first-year return on $80,850 initial cash invested.
-14.14%
Cash On Cash
3.63%
Cap Rate
0.58
DSCR
$2,009
Rent
-$953
Cashflow
Cash Flow
$2,009 income − $2,962 expenses = $953 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,009
Total Expenses
$2,962
Mortgage P&I
100%
$2,017
Property Taxes
14%
$288
Home Insurance
7%
$135
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0