This property looks like a bad Long-Term investment with a projected -3.15% first-year return on $81,270 initial cash invested.
-3.15%
Cash On Cash
6%
Cap Rate
0.97
DSCR
$3,090
Rent
-$213
Cashflow
Cash Flow
$3,090 income − $3,303 expenses = $213 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,090
Total Expenses
$3,303
Mortgage P&I
65%
$1,994
Property Taxes
13%
$397
Home Insurance
4%
$110
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0