This property looks like a bad Long-Term investment with a projected -13.77% first-year return on $80,283 initial cash invested.
-13.77%
Cash On Cash
3.85%
Cap Rate
0.6
DSCR
$1,909
Rent
-$921
Cashflow
Cash Flow
$1,909 income − $2,830 expenses = $921 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,283
Downpayment
20%
$76,460
Closing costs
1%
$3,823
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,909
Total Expenses
$2,830
Mortgage P&I
108%
$2,053
Property Taxes
7%
$142
Home Insurance
7%
$139
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$115
Maintenance
5%
$95
Other
0%
$0