This property looks like a bad Long-Term investment with a projected -7.93% first-year return on $119k initial cash invested.
-7.93%
Cash On Cash
5.23%
Cap Rate
0.81
DSCR
$4,078
Rent
-$788
Cashflow
Cash Flow
$4,078 income − $4,866 expenses = $788 out of pocket
Investment Breakdown
|
Purchase Price
$568k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,676
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,078
Total Expenses
$4,866
Mortgage P&I
75%
$3,059
Property Taxes
13%
$518
Home Insurance
5%
$201
HOA
1%
$27
Property Management
10%
$408
CapEx
5%
$204
Vacancy
6%
$245
Maintenance
5%
$204
Other
0%
$0