This property looks like a bad Long-Term investment with a projected -9.81% first-year return on $80,451 initial cash invested.
-9.81%
Cash On Cash
4.81%
Cap Rate
0.74
DSCR
$2,499
Rent
-$658
Cashflow
Cash Flow
$2,499 income − $3,157 expenses = $658 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,451
Downpayment
20%
$76,620
Closing costs
1%
$3,831
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,499
Total Expenses
$3,157
Mortgage P&I
83%
$2,069
Property Taxes
12%
$304
Home Insurance
5%
$134
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0