This property looks like a bad Long-Term investment with a projected -10.02% first-year return on $80,703 initial cash invested.
-10.02%
Cash On Cash
5.08%
Cap Rate
0.75
DSCR
$2,588
Rent
-$674
Cashflow
Cash Flow
$2,588 income − $3,262 expenses = $674 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,703
Downpayment
20%
$76,860
Closing costs
1%
$3,843
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,588
Total Expenses
$3,262
Mortgage P&I
84%
$2,172
Property Taxes
5%
$132
Home Insurance
5%
$130
HOA
6%
$156
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0