This property looks like a bad Long-Term investment with a projected -13.93% first-year return on $80,367 initial cash invested.
-13.93%
Cash On Cash
3.88%
Cap Rate
0.6
DSCR
$1,902
Rent
-$933
Cashflow
Cash Flow
$1,902 income − $2,835 expenses = $933 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,367
Downpayment
20%
$76,540
Closing costs
1%
$3,827
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,902
Total Expenses
$2,835
Mortgage P&I
109%
$2,075
Property Taxes
7%
$126
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0