This property looks like a bad Long-Term investment with a projected -8.53% first-year return on $81,438 initial cash invested.
-8.53%
Cash On Cash
4.74%
Cap Rate
0.77
DSCR
$2,621
Rent
-$579
Cashflow
Cash Flow
$2,621 income − $3,200 expenses = $579 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,438
Downpayment
20%
$77,560
Closing costs
1%
$3,878
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,621
Total Expenses
$3,200
Mortgage P&I
76%
$1,981
Property Taxes
15%
$385
Home Insurance
5%
$136
HOA
1%
$17
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0