This property looks like a bad Long-Term investment with a projected -9.72% first-year return on $80,703 initial cash invested.
-9.72%
Cash On Cash
4.4%
Cap Rate
0.72
DSCR
$2,094
Rent
-$654
Cashflow
Cash Flow
$2,094 income − $2,748 expenses = $654 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,094
Total Expenses
$2,748
Mortgage P&I
94%
$1,958
Property Taxes
5%
$109
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0