This property looks like a bad Long-Term investment with a projected -6.91% first-year return on $122k initial cash invested.
-6.91%
Cash On Cash
5.59%
Cap Rate
0.85
DSCR
$4,252
Rent
-$701
Cashflow
Cash Flow
$4,252 income − $4,953 expenses = $701 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,252
Total Expenses
$4,953
Mortgage P&I
75%
$3,188
Property Taxes
9%
$366
Home Insurance
5%
$203
HOA
2%
$90
Property Management
10%
$425
CapEx
5%
$213
Vacancy
6%
$255
Maintenance
5%
$213
Other
0%
$0