This property looks like a bad Long-Term investment with a projected -12.13% first-year return on $80,598 initial cash invested.
-12.13%
Cash On Cash
3.91%
Cap Rate
0.64
DSCR
$2,172
Rent
-$815
Cashflow
Cash Flow
$2,172 income − $2,987 expenses = $815 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,598
Downpayment
20%
$76,760
Closing costs
1%
$3,838
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,172
Total Expenses
$2,987
Mortgage P&I
90%
$1,955
Property Taxes
14%
$315
Home Insurance
7%
$152
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0