This property looks like a bad Long-Term investment with a projected -9.02% first-year return on $122k initial cash invested.
-9.02%
Cash On Cash
5.12%
Cap Rate
0.78
DSCR
$4,039
Rent
-$914
Cashflow
Cash Flow
$4,039 income − $4,953 expenses = $914 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,039
Total Expenses
$4,953
Mortgage P&I
79%
$3,181
Property Taxes
13%
$519
Home Insurance
5%
$203
HOA
0%
$0
Property Management
10%
$404
CapEx
5%
$202
Vacancy
6%
$242
Maintenance
5%
$202
Other
0%
$0