This property looks like a bad Long-Term investment with a projected -10.68% first-year return on $78,456 initial cash invested.
-10.68%
Cash On Cash
4.72%
Cap Rate
0.72
DSCR
$2,462
Rent
-$698
Cashflow
Cash Flow
$2,462 income − $3,160 expenses = $698 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,456
Downpayment
20%
$74,720
Closing costs
1%
$3,736
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,462
Total Expenses
$3,160
Mortgage P&I
83%
$2,044
Property Taxes
14%
$344
Home Insurance
5%
$132
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0