This property looks like a bad Long-Term investment with a projected -6.38% first-year return on $80,346 initial cash invested.
-6.38%
Cash On Cash
5.77%
Cap Rate
0.87
DSCR
$2,893
Rent
-$427
Cashflow
Cash Flow
$2,893 income − $3,320 expenses = $427 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,893
Total Expenses
$3,320
Mortgage P&I
73%
$2,122
Property Taxes
11%
$309
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0