This property looks like a bad Long-Term investment with a projected -16.58% first-year return on $78,456 initial cash invested.
-16.58%
Cash On Cash
3.32%
Cap Rate
0.51
DSCR
$1,600
Rent
-$1,084
Cashflow
Cash Flow
$1,600 income − $2,684 expenses = $1,084 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,456
Downpayment
20%
$74,720
Closing costs
1%
$3,736
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,600
Total Expenses
$2,684
Mortgage P&I
127%
$2,039
Property Taxes
6%
$96
Home Insurance
8%
$133
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0