This property looks like a bad Long-Term investment with a projected -13.9% first-year return on $80,115 initial cash invested.
-13.9%
Cash On Cash
3.86%
Cap Rate
0.6
DSCR
$2,021
Rent
-$928
Cashflow
Cash Flow
$2,021 income − $2,949 expenses = $928 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,115
Downpayment
20%
$76,300
Closing costs
1%
$3,815
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,021
Total Expenses
$2,949
Mortgage P&I
102%
$2,053
Property Taxes
8%
$155
Home Insurance
8%
$158
HOA
3%
$58
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0