This property looks like a bad Long-Term investment with a projected -11.83% first-year return on $80,367 initial cash invested.
-11.83%
Cash On Cash
4.43%
Cap Rate
0.68
DSCR
$2,318
Rent
-$792
Cashflow
Cash Flow
$2,318 income − $3,110 expenses = $792 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,318
Total Expenses
$3,110
Mortgage P&I
90%
$2,088
Property Taxes
12%
$279
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0