This property looks like a bad Long-Term investment with a projected -5.22% first-year return on $80,535 initial cash invested.
-5.22%
Cash On Cash
5.38%
Cap Rate
0.88
DSCR
$2,354
Rent
-$350
Cashflow
Cash Flow
$2,354 income − $2,704 expenses = $350 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,535
Downpayment
20%
$76,700
Closing costs
1%
$3,835
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,354
Total Expenses
$2,704
Mortgage P&I
83%
$1,950
Property Taxes
0%
$4
Home Insurance
6%
$138
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0