This property looks like a bad Long-Term investment with a projected -14.01% first-year return on $78,624 initial cash invested.
-14.01%
Cash On Cash
3.4%
Cap Rate
0.56
DSCR
$1,927
Rent
-$918
Cashflow
Cash Flow
$1,927 income − $2,845 expenses = $918 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,624
Downpayment
20%
$74,880
Closing costs
1%
$3,744
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,927
Total Expenses
$2,845
Mortgage P&I
98%
$1,884
Property Taxes
17%
$327
Home Insurance
7%
$133
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0