This property looks like a bad Long-Term investment with a projected -13.61% first-year return on $78,477 initial cash invested.
-13.61%
Cash On Cash
4.04%
Cap Rate
0.62
DSCR
$2,478
Rent
-$890
Cashflow
Cash Flow
$2,478 income − $3,368 expenses = $890 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,477
Downpayment
20%
$74,740
Closing costs
1%
$3,737
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,478
Total Expenses
$3,368
Mortgage P&I
82%
$2,023
Property Taxes
23%
$564
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0