This property looks like a bad Long-Term investment with a projected -8.1% first-year return on $124k initial cash invested.
-8.1%
Cash On Cash
5.18%
Cap Rate
0.8
DSCR
$3,624
Rent
-$839
Cashflow
Cash Flow
$3,624 income − $4,463 expenses = $839 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,921
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,624
Total Expenses
$4,463
Mortgage P&I
89%
$3,216
Property Taxes
3%
$96
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0