This property looks like a bad Long-Term investment with a projected -9.28% first-year return on $126k initial cash invested.
-9.28%
Cash On Cash
4.78%
Cap Rate
0.75
DSCR
$3,874
Rent
-$973
Cashflow
Cash Flow
$3,874 income − $4,847 expenses = $973 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,874
Total Expenses
$4,847
Mortgage P&I
82%
$3,166
Property Taxes
12%
$464
Home Insurance
5%
$210
HOA
0%
$0
Property Management
10%
$387
CapEx
5%
$194
Vacancy
6%
$232
Maintenance
5%
$194
Other
0%
$0