This property looks like a bad Long-Term investment with a projected -14.27% first-year return on $80,640 initial cash invested.
-14.27%
Cash On Cash
3.93%
Cap Rate
0.59
DSCR
$2,034
Rent
-$959
Cashflow
Cash Flow
$2,034 income − $2,993 expenses = $959 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,640
Downpayment
20%
$76,800
Closing costs
1%
$3,840
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,034
Total Expenses
$2,993
Mortgage P&I
104%
$2,115
Property Taxes
11%
$215
Home Insurance
7%
$134
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0