This property looks like a bad Long-Term investment with a projected -9.19% first-year return on $80,409 initial cash invested.
-9.19%
Cash On Cash
5.09%
Cap Rate
0.78
DSCR
$3,156
Rent
-$616
Cashflow
Cash Flow
$3,156 income − $3,772 expenses = $616 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,409
Downpayment
20%
$76,580
Closing costs
1%
$3,829
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,156
Total Expenses
$3,772
Mortgage P&I
66%
$2,082
Property Taxes
23%
$729
Home Insurance
4%
$140
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$189
Maintenance
5%
$158
Other
0%
$0