This property looks like a bad Long-Term investment with a projected -9.09% first-year return on $121k initial cash invested.
-9.09%
Cash On Cash
4.6%
Cap Rate
0.75
DSCR
$3,827
Rent
-$915
Cashflow
Cash Flow
$3,827 income − $4,742 expenses = $915 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,827
Total Expenses
$4,742
Mortgage P&I
77%
$2,930
Property Taxes
16%
$616
Home Insurance
5%
$201
HOA
0%
$0
Property Management
10%
$383
CapEx
5%
$191
Vacancy
6%
$230
Maintenance
5%
$191
Other
0%
$0