This property looks like a bad Long-Term investment with a projected -2.13% first-year return on $121k initial cash invested.
-2.13%
Cash On Cash
6.37%
Cap Rate
1
DSCR
$4,378
Rent
-$215
Cashflow
Cash Flow
$4,378 income − $4,593 expenses = $215 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,765
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,378
Total Expenses
$4,593
Mortgage P&I
70%
$3,055
Property Taxes
5%
$198
Home Insurance
5%
$201
HOA
0%
$0
Property Management
10%
$438
CapEx
5%
$219
Vacancy
6%
$263
Maintenance
5%
$219
Other
0%
$0