This property looks like a bad Long-Term investment with a projected -12.23% first-year return on $80,430 initial cash invested.
-12.23%
Cash On Cash
4.17%
Cap Rate
0.66
DSCR
$2,576
Rent
-$820
Cashflow
Cash Flow
$2,576 income − $3,396 expenses = $820 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,576
Total Expenses
$3,396
Mortgage P&I
79%
$2,023
Property Taxes
22%
$562
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0