This property looks like a bad Long-Term investment with a projected -13.17% first-year return on $80,430 initial cash invested.
-13.17%
Cash On Cash
3.96%
Cap Rate
0.62
DSCR
$1,928
Rent
-$883
Cashflow
Cash Flow
$1,928 income − $2,811 expenses = $883 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,430
Downpayment
20%
$76,600
Closing costs
1%
$3,830
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,928
Total Expenses
$2,811
Mortgage P&I
106%
$2,051
Property Taxes
10%
$189
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0