This property looks like a bad Long-Term investment with a projected -6.07% first-year return on $122k initial cash invested.
-6.07%
Cash On Cash
5.53%
Cap Rate
0.87
DSCR
$4,191
Rent
-$618
Cashflow
Cash Flow
$4,191 income − $4,809 expenses = $618 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,821
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,191
Total Expenses
$4,809
Mortgage P&I
74%
$3,092
Property Taxes
10%
$421
Home Insurance
5%
$206
HOA
0%
$0
Property Management
10%
$419
CapEx
5%
$210
Vacancy
6%
$251
Maintenance
5%
$210
Other
0%
$0