This property looks like a bad Long-Term investment with a projected -8.84% first-year return on $78,456 initial cash invested.
-8.84%
Cash On Cash
5.3%
Cap Rate
0.8
DSCR
$3,107
Rent
-$578
Cashflow
Cash Flow
$3,107 income − $3,685 expenses = $578 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,107
Total Expenses
$3,685
Mortgage P&I
67%
$2,072
Property Taxes
22%
$692
Home Insurance
4%
$114
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0