This property looks like a bad Long-Term investment with a projected -12.51% first-year return on $78,592 initial cash invested.
-12.51%
Cash On Cash
4.31%
Cap Rate
0.65
DSCR
$2,050
Rent
-$819
Cashflow
Cash Flow
$2,050 income − $2,869 expenses = $819 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,592
Downpayment
20%
$74,850
Closing costs
1%
$3,742
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,050
Total Expenses
$2,869
Mortgage P&I
101%
$2,062
Property Taxes
7%
$144
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0