This property looks like a bad Long-Term investment with a projected -12.41% first-year return on $80,346 initial cash invested.
-12.41%
Cash On Cash
4.21%
Cap Rate
0.65
DSCR
$1,999
Rent
-$831
Cashflow
Cash Flow
$1,999 income − $2,830 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,346
Downpayment
20%
$76,520
Closing costs
1%
$3,826
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,999
Total Expenses
$2,830
Mortgage P&I
104%
$2,073
Property Taxes
4%
$80
Home Insurance
7%
$136
HOA
1%
$21
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0