This property looks like a bad Long-Term investment with a projected -18.72% first-year return on $80,598 initial cash invested.
-18.72%
Cash On Cash
3.03%
Cap Rate
0.46
DSCR
$1,957
Rent
-$1,257
Cashflow
Cash Flow
$1,957 income − $3,214 expenses = $1,257 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,957
Total Expenses
$3,214
Mortgage P&I
109%
$2,129
Property Taxes
22%
$438
Home Insurance
7%
$138
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0