This property looks like a bad Long-Term investment with a projected -11.36% first-year return on $80,493 initial cash invested.
-11.36%
Cash On Cash
4.03%
Cap Rate
0.66
DSCR
$2,067
Rent
-$762
Cashflow
Cash Flow
$2,067 income − $2,829 expenses = $762 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,493
Downpayment
20%
$76,660
Closing costs
1%
$3,833
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,067
Total Expenses
$2,829
Mortgage P&I
94%
$1,945
Property Taxes
9%
$188
Home Insurance
6%
$133
HOA
1%
$26
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0