This property looks like a bad Long-Term investment with a projected -12.22% first-year return on $80,703 initial cash invested.
-12.22%
Cash On Cash
4.4%
Cap Rate
0.66
DSCR
$2,248
Rent
-$822
Cashflow
Cash Flow
$2,248 income − $3,070 expenses = $822 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,248
Total Expenses
$3,070
Mortgage P&I
94%
$2,118
Property Taxes
10%
$228
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0