This property looks like a bad Long-Term investment with a projected -14.18% first-year return on $78,204 initial cash invested.
-14.18%
Cash On Cash
4.07%
Cap Rate
0.61
DSCR
$2,454
Rent
-$924
Cashflow
Cash Flow
$2,454 income − $3,378 expenses = $924 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,204
Downpayment
20%
$74,480
Closing costs
1%
$3,724
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,454
Total Expenses
$3,378
Mortgage P&I
84%
$2,064
Property Taxes
22%
$546
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0