This property looks like a bad Long-Term investment with a projected -12.79% first-year return on $80,430 initial cash invested.
-12.79%
Cash On Cash
4.23%
Cap Rate
0.64
DSCR
$2,084
Rent
-$857
Cashflow
Cash Flow
$2,084 income − $2,941 expenses = $857 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,084
Total Expenses
$2,941
Mortgage P&I
101%
$2,104
Property Taxes
7%
$147
Home Insurance
6%
$134
HOA
1%
$15
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0