This property looks like a bad Long-Term investment with a projected -10.22% first-year return on $80,640 initial cash invested.
-10.22%
Cash On Cash
4.6%
Cap Rate
0.72
DSCR
$2,366
Rent
-$687
Cashflow
Cash Flow
$2,366 income − $3,053 expenses = $687 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,640
Downpayment
20%
$76,800
Closing costs
1%
$3,840
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,366
Total Expenses
$3,053
Mortgage P&I
86%
$2,040
Property Taxes
11%
$263
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0