This property looks like a bad Long-Term investment with a projected -12.15% first-year return on $80,220 initial cash invested.
-12.15%
Cash On Cash
4.23%
Cap Rate
0.66
DSCR
$2,159
Rent
-$812
Cashflow
Cash Flow
$2,159 income − $2,971 expenses = $812 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,220
Downpayment
20%
$76,400
Closing costs
1%
$3,820
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,159
Total Expenses
$2,971
Mortgage P&I
95%
$2,052
Property Taxes
10%
$222
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0