This property looks like a bad Long-Term investment with a projected -7.15% first-year return on $80,388 initial cash invested.
-7.15%
Cash On Cash
5.32%
Cap Rate
0.83
DSCR
$2,463
Rent
-$479
Cashflow
Cash Flow
$2,463 income − $2,942 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,388
Downpayment
20%
$76,560
Closing costs
1%
$3,828
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,463
Total Expenses
$2,942
Mortgage P&I
83%
$2,054
Property Taxes
5%
$112
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0