This property looks like a bad Long-Term investment with a projected -15.58% first-year return on $80,703 initial cash invested.
-15.58%
Cash On Cash
3.79%
Cap Rate
0.57
DSCR
$2,596
Rent
-$1,048
Cashflow
Cash Flow
$2,596 income − $3,644 expenses = $1,048 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,703
Downpayment
20%
$76,860
Closing costs
1%
$3,843
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,596
Total Expenses
$3,644
Mortgage P&I
82%
$2,132
Property Taxes
26%
$671
Home Insurance
5%
$136
HOA
1%
$29
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0