This property looks like a bad Long-Term investment with a projected -9.23% first-year return on $78,519 initial cash invested.
-9.23%
Cash On Cash
4.98%
Cap Rate
0.76
DSCR
$2,451
Rent
-$604
Cashflow
Cash Flow
$2,451 income − $3,055 expenses = $604 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,519
Downpayment
20%
$74,780
Closing costs
1%
$3,739
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,451
Total Expenses
$3,055
Mortgage P&I
83%
$2,032
Property Taxes
9%
$225
Home Insurance
5%
$131
HOA
1%
$29
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0