This property looks like a bad Long-Term investment with a projected -14.24% first-year return on $80,325 initial cash invested.
-14.24%
Cash On Cash
3.97%
Cap Rate
0.6
DSCR
$2,107
Rent
-$953
Cashflow
Cash Flow
$2,107 income − $3,060 expenses = $953 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,325
Downpayment
20%
$76,500
Closing costs
1%
$3,825
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,107
Total Expenses
$3,060
Mortgage P&I
100%
$2,113
Property Taxes
13%
$264
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0