This property looks like a bad Long-Term investment with a projected -14.32% first-year return on $78,582 initial cash invested.
-14.32%
Cash On Cash
3.98%
Cap Rate
0.6
DSCR
$2,064
Rent
-$938
Cashflow
Cash Flow
$2,064 income − $3,002 expenses = $938 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,582
Downpayment
20%
$74,840
Closing costs
1%
$3,742
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,064
Total Expenses
$3,002
Mortgage P&I
101%
$2,077
Property Taxes
12%
$246
Home Insurance
6%
$133
HOA
0%
$10
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0