This property looks like a bad Long-Term investment with a projected -16.13% first-year return on $80,703 initial cash invested.
-16.13%
Cash On Cash
3.35%
Cap Rate
0.52
DSCR
$1,970
Rent
-$1,085
Cashflow
Cash Flow
$1,970 income − $3,055 expenses = $1,085 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,703
Downpayment
20%
$76,860
Closing costs
1%
$3,843
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,970
Total Expenses
$3,055
Mortgage P&I
105%
$2,061
Property Taxes
18%
$347
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0