This property looks like a bad Long-Term investment with a projected -4.52% first-year return on $80,409 initial cash invested.
-4.52%
Cash On Cash
6.12%
Cap Rate
0.92
DSCR
$2,660
Rent
-$303
Cashflow
Cash Flow
$2,660 income − $2,963 expenses = $303 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,409
Downpayment
20%
$76,580
Closing costs
1%
$3,829
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,660
Total Expenses
$2,963
Mortgage P&I
80%
$2,124
Property Taxes
0%
$13
Home Insurance
5%
$134
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0