This property looks like a bad Long-Term investment with a projected -7.64% first-year return on $78,519 initial cash invested.
-7.64%
Cash On Cash
5.48%
Cap Rate
0.82
DSCR
$2,613
Rent
-$500
Cashflow
Cash Flow
$2,613 income − $3,113 expenses = $500 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,613
Total Expenses
$3,113
Mortgage P&I
79%
$2,076
Property Taxes
9%
$226
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0