This property looks like a bad Long-Term investment with a projected -16.43% first-year return on $78,519 initial cash invested.
-16.43%
Cash On Cash
2.9%
Cap Rate
0.48
DSCR
$1,702
Rent
-$1,075
Cashflow
Cash Flow
$1,702 income − $2,777 expenses = $1,075 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,519
Downpayment
20%
$74,780
Closing costs
1%
$3,739
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,702
Total Expenses
$2,777
Mortgage P&I
111%
$1,895
Property Taxes
9%
$151
Home Insurance
17%
$289
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0