This property looks like a bad Long-Term investment with a projected -13.24% first-year return on $80,661 initial cash invested.
-13.24%
Cash On Cash
4.36%
Cap Rate
0.65
DSCR
$2,758
Rent
-$890
Cashflow
Cash Flow
$2,758 income − $3,648 expenses = $890 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,661
Downpayment
20%
$76,820
Closing costs
1%
$3,841
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,758
Total Expenses
$3,648
Mortgage P&I
78%
$2,148
Property Taxes
23%
$647
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0