This property looks like a bad Long-Term investment with a projected -6.66% first-year return on $80,199 initial cash invested.
-6.66%
Cash On Cash
5.57%
Cap Rate
0.85
DSCR
$2,826
Rent
-$445
Cashflow
Cash Flow
$2,826 income − $3,271 expenses = $445 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,199
Downpayment
20%
$76,380
Closing costs
1%
$3,819
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,826
Total Expenses
$3,271
Mortgage P&I
74%
$2,078
Property Taxes
11%
$322
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0