This property looks like a bad Long-Term investment with a projected -16.74% first-year return on $78,582 initial cash invested.
-16.74%
Cash On Cash
3.44%
Cap Rate
0.52
DSCR
$2,019
Rent
-$1,096
Cashflow
Cash Flow
$2,019 income − $3,115 expenses = $1,096 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
$2,019
Total Expenses
$3,115
Mortgage P&I
102%
$2,067
Property Taxes
19%
$392
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0