This property looks like a bad Long-Term investment with a projected -12.73% first-year return on $78,519 initial cash invested.
-12.73%
Cash On Cash
4.2%
Cap Rate
0.64
DSCR
$2,174
Rent
-$833
Cashflow
Cash Flow
$2,174 income − $3,007 expenses = $833 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,174
Total Expenses
$3,007
Mortgage P&I
93%
$2,032
Property Taxes
13%
$279
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0