This property looks like a bad Long-Term investment with a projected -19.39% first-year return on $80,535 initial cash invested.
-19.39%
Cash On Cash
2.82%
Cap Rate
0.43
DSCR
$2,330
Rent
-$1,301
Cashflow
Cash Flow
$2,330 income − $3,631 expenses = $1,301 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,535
Downpayment
20%
$76,700
Closing costs
1%
$3,835
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,330
Total Expenses
$3,631
Mortgage P&I
90%
$2,087
Property Taxes
17%
$398
Home Insurance
6%
$137
HOA
17%
$404
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0