This property looks like a bad Long-Term investment with a projected -8.48% first-year return on $78,519 initial cash invested.
-8.48%
Cash On Cash
4.8%
Cap Rate
0.78
DSCR
$2,794
Rent
-$555
Cashflow
Cash Flow
$2,794 income − $3,349 expenses = $555 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,794
Total Expenses
$3,349
Mortgage P&I
68%
$1,911
Property Taxes
21%
$582
Home Insurance
5%
$129
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0