This property looks like a bad Long-Term investment with a projected -7.05% first-year return on $80,136 initial cash invested.
-7.05%
Cash On Cash
5.58%
Cap Rate
0.84
DSCR
$2,525
Rent
-$471
Cashflow
Cash Flow
$2,525 income − $2,996 expenses = $471 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,136
Downpayment
20%
$76,320
Closing costs
1%
$3,816
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,525
Total Expenses
$2,996
Mortgage P&I
84%
$2,120
Property Taxes
3%
$80
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0