This property looks like a bad Long-Term investment with a projected -13.8% first-year return on $80,514 initial cash invested.
-13.8%
Cash On Cash
4.15%
Cap Rate
0.62
DSCR
$2,338
Rent
-$926
Cashflow
Cash Flow
$2,338 income − $3,264 expenses = $926 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,514
Downpayment
20%
$76,680
Closing costs
1%
$3,834
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,338
Total Expenses
$3,264
Mortgage P&I
91%
$2,136
Property Taxes
16%
$380
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0