This property looks like a bad Long-Term investment with a projected -12.6% first-year return on $78,582 initial cash invested.
-12.6%
Cash On Cash
3.95%
Cap Rate
0.63
DSCR
$2,127
Rent
-$825
Cashflow
Cash Flow
$2,127 income − $2,952 expenses = $825 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,582
Downpayment
20%
$74,840
Closing costs
1%
$3,742
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,127
Total Expenses
$2,952
Mortgage P&I
92%
$1,950
Property Taxes
15%
$314
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0