This property looks like a bad Long-Term investment with a projected -10.08% first-year return on $80,514 initial cash invested.
-10.08%
Cash On Cash
4.32%
Cap Rate
0.71
DSCR
$2,163
Rent
-$676
Cashflow
Cash Flow
$2,163 income − $2,839 expenses = $676 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,514
Downpayment
20%
$76,680
Closing costs
1%
$3,834
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,163
Total Expenses
$2,839
Mortgage P&I
90%
$1,949
Property Taxes
9%
$192
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0