This property looks like a bad Long-Term investment with a projected -9.63% first-year return on $78,498 initial cash invested.
-9.63%
Cash On Cash
4.8%
Cap Rate
0.75
DSCR
$2,371
Rent
-$630
Cashflow
Cash Flow
$2,371 income − $3,001 expenses = $630 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,498
Downpayment
20%
$74,760
Closing costs
1%
$3,738
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,371
Total Expenses
$3,001
Mortgage P&I
85%
$2,005
Property Taxes
10%
$243
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0