This property looks like a bad Long-Term investment with a projected -17.9% first-year return on $80,829 initial cash invested.
-17.9%
Cash On Cash
3.06%
Cap Rate
0.47
DSCR
$1,629
Rent
-$1,206
Cashflow
Cash Flow
$1,629 income − $2,835 expenses = $1,206 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,829
Downpayment
20%
$76,980
Closing costs
1%
$3,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,629
Total Expenses
$2,835
Mortgage P&I
129%
$2,107
Property Taxes
10%
$170
Home Insurance
8%
$135
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0