This property looks like a bad Long-Term investment with a projected -6.84% first-year return on $122k initial cash invested.
-6.84%
Cash On Cash
5.61%
Cap Rate
0.85
DSCR
$3,968
Rent
-$695
Cashflow
Cash Flow
$3,968 income − $4,663 expenses = $695 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,807
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,968
Total Expenses
$4,663
Mortgage P&I
81%
$3,211
Property Taxes
6%
$220
Home Insurance
5%
$201
HOA
0%
$0
Property Management
10%
$397
CapEx
5%
$198
Vacancy
6%
$238
Maintenance
5%
$198
Other
0%
$0