This property looks like a bad Long-Term investment with a projected -12.85% first-year return on $78,603 initial cash invested.
-12.85%
Cash On Cash
4.23%
Cap Rate
0.64
DSCR
$1,918
Rent
-$842
Cashflow
Cash Flow
$1,918 income − $2,760 expenses = $842 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,603
Downpayment
20%
$74,860
Closing costs
1%
$3,743
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,918
Total Expenses
$2,760
Mortgage P&I
108%
$2,064
Property Taxes
3%
$54
Home Insurance
7%
$135
HOA
0%
$8
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0