This property looks like a bad Long-Term investment with a projected -0.82% first-year return on $80,598 initial cash invested.
-0.82%
Cash On Cash
6.44%
Cap Rate
1.05
DSCR
$3,105
Rent
-$55
Cashflow
Cash Flow
$3,105 income − $3,160 expenses = $55 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,598
Downpayment
20%
$76,760
Closing costs
1%
$3,838
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,105
Total Expenses
$3,160
Mortgage P&I
63%
$1,959
Property Taxes
9%
$264
Home Insurance
4%
$131
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0