This property looks like a bad Long-Term investment with a projected -11.63% first-year return on $80,388 initial cash invested.
-11.63%
Cash On Cash
4.51%
Cap Rate
0.69
DSCR
$2,411
Rent
-$779
Cashflow
Cash Flow
$2,411 income − $3,190 expenses = $779 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,388
Downpayment
20%
$76,560
Closing costs
1%
$3,828
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,411
Total Expenses
$3,190
Mortgage P&I
87%
$2,098
Property Taxes
12%
$280
Home Insurance
6%
$134
HOA
2%
$50
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0