This property looks like a bad Long-Term investment with a projected -4.89% first-year return on $80,661 initial cash invested.
-4.89%
Cash On Cash
5.83%
Cap Rate
0.91
DSCR
$2,684
Rent
-$329
Cashflow
Cash Flow
$2,684 income − $3,013 expenses = $329 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,661
Downpayment
20%
$76,820
Closing costs
1%
$3,841
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,684
Total Expenses
$3,013
Mortgage P&I
77%
$2,062
Property Taxes
4%
$114
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0