This property looks like a bad Long-Term investment with a projected -10.99% first-year return on $78,498 initial cash invested.
-10.99%
Cash On Cash
4.69%
Cap Rate
0.71
DSCR
$2,437
Rent
-$719
Cashflow
Cash Flow
$2,437 income − $3,156 expenses = $719 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,437
Total Expenses
$3,156
Mortgage P&I
84%
$2,058
Property Taxes
13%
$313
Home Insurance
5%
$133
HOA
1%
$18
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0