This property looks like a bad Long-Term investment with a projected -4.59% first-year return on $80,262 initial cash invested.
-4.59%
Cash On Cash
6.08%
Cap Rate
0.92
DSCR
$2,639
Rent
-$307
Cashflow
Cash Flow
$2,639 income − $2,946 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,262
Downpayment
20%
$76,440
Closing costs
1%
$3,822
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,639
Total Expenses
$2,946
Mortgage P&I
80%
$2,112
Property Taxes
6%
$146
Home Insurance
0%
$2
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0