This property looks like a bad Long-Term investment with a projected -8.41% first-year return on $80,430 initial cash invested.
-8.41%
Cash On Cash
4.93%
Cap Rate
0.78
DSCR
$2,605
Rent
-$564
Cashflow
Cash Flow
$2,605 income − $3,169 expenses = $564 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,605
Total Expenses
$3,169
Mortgage P&I
77%
$2,008
Property Taxes
13%
$350
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0