This property looks like a bad Long-Term investment with a projected -9.35% first-year return on $118k initial cash invested.
-9.35%
Cash On Cash
4.76%
Cap Rate
0.75
DSCR
$3,722
Rent
-$923
Cashflow
Cash Flow
$3,722 income − $4,645 expenses = $923 out of pocket
Investment Breakdown
|
Purchase Price
$564k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$113k
Closing costs
1%
$5,641
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,722
Total Expenses
$4,645
Mortgage P&I
80%
$2,974
Property Taxes
14%
$504
Home Insurance
5%
$200
HOA
0%
$0
Property Management
10%
$372
CapEx
5%
$186
Vacancy
6%
$223
Maintenance
5%
$186
Other
0%
$0