This property looks like a bad Long-Term investment with a projected -12.61% first-year return on $80,325 initial cash invested.
-12.61%
Cash On Cash
4.14%
Cap Rate
0.64
DSCR
$2,320
Rent
-$844
Cashflow
Cash Flow
$2,320 income − $3,164 expenses = $844 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,325
Downpayment
20%
$76,500
Closing costs
1%
$3,825
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,320
Total Expenses
$3,164
Mortgage P&I
88%
$2,047
Property Taxes
15%
$346
Home Insurance
7%
$168
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0