This property looks like a bad Long-Term investment with a projected -10.68% first-year return on $81,249 initial cash invested.
-10.68%
Cash On Cash
4.4%
Cap Rate
0.71
DSCR
$2,612
Rent
-$723
Cashflow
Cash Flow
$2,612 income − $3,335 expenses = $723 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,249
Downpayment
20%
$77,380
Closing costs
1%
$3,869
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,612
Total Expenses
$3,335
Mortgage P&I
77%
$2,010
Property Taxes
16%
$409
Home Insurance
5%
$136
HOA
4%
$100
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0