This property looks like a bad Long-Term investment with a projected -8.32% first-year return on $80,619 initial cash invested.
-8.32%
Cash On Cash
4.68%
Cap Rate
0.78
DSCR
$2,548
Rent
-$559
Cashflow
Cash Flow
$2,548 income − $3,107 expenses = $559 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,619
Downpayment
20%
$76,780
Closing costs
1%
$3,839
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,548
Total Expenses
$3,107
Mortgage P&I
76%
$1,929
Property Taxes
15%
$385
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0