This property looks like a bad Long-Term investment with a projected -16.43% first-year return on $80,493 initial cash invested.
-16.43%
Cash On Cash
3.45%
Cap Rate
0.53
DSCR
$2,127
Rent
-$1,102
Cashflow
Cash Flow
$2,127 income − $3,229 expenses = $1,102 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,493
Downpayment
20%
$76,660
Closing costs
1%
$3,833
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,127
Total Expenses
$3,229
Mortgage P&I
99%
$2,097
Property Taxes
21%
$453
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0