This property looks like a bad Long-Term investment with a projected -16.48% first-year return on $78,435 initial cash invested.
-16.48%
Cash On Cash
3.68%
Cap Rate
0.54
DSCR
$2,353
Rent
-$1,077
Cashflow
Cash Flow
$2,353 income − $3,430 expenses = $1,077 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,435
Downpayment
20%
$74,700
Closing costs
1%
$3,735
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,353
Total Expenses
$3,430
Mortgage P&I
89%
$2,105
Property Taxes
25%
$577
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0