This property looks like a bad Long-Term investment with a projected -10.07% first-year return on $80,220 initial cash invested.
-10.07%
Cash On Cash
4.37%
Cap Rate
0.71
DSCR
$2,059
Rent
-$673
Cashflow
Cash Flow
$2,059 income − $2,732 expenses = $673 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,220
Downpayment
20%
$76,400
Closing costs
1%
$3,820
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,059
Total Expenses
$2,732
Mortgage P&I
95%
$1,960
Property Taxes
4%
$79
Home Insurance
7%
$140
HOA
1%
$17
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0