This property looks like a bad Long-Term investment with a projected -10.49% first-year return on $79,191 initial cash invested.
-10.49%
Cash On Cash
4.89%
Cap Rate
0.74
DSCR
$2,854
Rent
-$692
Cashflow
Cash Flow
$2,854 income − $3,546 expenses = $692 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,191
Downpayment
20%
$75,420
Closing costs
1%
$3,771
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,854
Total Expenses
$3,546
Mortgage P&I
73%
$2,087
Property Taxes
19%
$535
Home Insurance
6%
$182
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0