This property looks like a bad Long-Term investment with a projected -13.71% first-year return on $80,346 initial cash invested.
-13.71%
Cash On Cash
3.95%
Cap Rate
0.61
DSCR
$2,303
Rent
-$918
Cashflow
Cash Flow
$2,303 income − $3,221 expenses = $918 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,346
Downpayment
20%
$76,520
Closing costs
1%
$3,826
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,303
Total Expenses
$3,221
Mortgage P&I
90%
$2,063
Property Taxes
18%
$413
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0