This property looks like a bad Long-Term investment with a projected -5.35% first-year return on $78,477 initial cash invested.
-5.35%
Cash On Cash
5.62%
Cap Rate
0.89
DSCR
$2,744
Rent
-$350
Cashflow
Cash Flow
$2,744 income − $3,094 expenses = $350 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,477
Downpayment
20%
$74,740
Closing costs
1%
$3,737
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,744
Total Expenses
$3,094
Mortgage P&I
72%
$1,964
Property Taxes
10%
$286
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0