This property looks like a bad Long-Term investment with a projected -16% first-year return on $78,519 initial cash invested.
-16%
Cash On Cash
3.68%
Cap Rate
0.55
DSCR
$2,024
Rent
-$1,047
Cashflow
Cash Flow
$2,024 income − $3,071 expenses = $1,047 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,024
Total Expenses
$3,071
Mortgage P&I
103%
$2,094
Property Taxes
16%
$330
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0