This property looks like a bad Long-Term investment with a projected -7.9% first-year return on $124k initial cash invested.
-7.9%
Cash On Cash
5.32%
Cap Rate
0.81
DSCR
$4,225
Rent
-$813
Cashflow
Cash Flow
$4,225 income − $5,038 expenses = $813 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,883
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,225
Total Expenses
$5,038
Mortgage P&I
76%
$3,211
Property Taxes
12%
$519
Home Insurance
5%
$210
HOA
0%
$0
Property Management
10%
$422
CapEx
5%
$211
Vacancy
6%
$254
Maintenance
5%
$211
Other
0%
$0