This property looks like a bad Long-Term investment with a projected -6.43% first-year return on $80,409 initial cash invested.
-6.43%
Cash On Cash
5.32%
Cap Rate
0.85
DSCR
$2,803
Rent
-$431
Cashflow
Cash Flow
$2,803 income − $3,234 expenses = $431 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,409
Downpayment
20%
$76,580
Closing costs
1%
$3,829
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,803
Total Expenses
$3,234
Mortgage P&I
71%
$1,989
Property Taxes
14%
$381
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0