This property looks like a bad Long-Term investment with a projected -17.71% first-year return on $80,619 initial cash invested.
-17.71%
Cash On Cash
2.89%
Cap Rate
0.46
DSCR
$1,711
Rent
-$1,190
Cashflow
Cash Flow
$1,711 income − $2,901 expenses = $1,190 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,619
Downpayment
20%
$76,780
Closing costs
1%
$3,839
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,711
Total Expenses
$2,901
Mortgage P&I
119%
$2,028
Property Taxes
17%
$291
Home Insurance
8%
$136
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0