This property looks like a bad Long-Term investment with a projected -9.3% first-year return on $126k initial cash invested.
-9.3%
Cash On Cash
4.99%
Cap Rate
0.77
DSCR
$4,373
Rent
-$976
Cashflow
Cash Flow
$4,373 income − $5,349 expenses = $976 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,373
Total Expenses
$5,349
Mortgage P&I
74%
$3,250
Property Taxes
17%
$752
Home Insurance
5%
$210
HOA
0%
$0
Property Management
10%
$437
CapEx
5%
$219
Vacancy
6%
$262
Maintenance
5%
$219
Other
0%
$0