This property looks like a bad Long-Term investment with a projected -8.82% first-year return on $124k initial cash invested.
-8.82%
Cash On Cash
4.7%
Cap Rate
0.76
DSCR
$3,755
Rent
-$911
Cashflow
Cash Flow
$3,755 income − $4,666 expenses = $911 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,755
Total Expenses
$4,666
Mortgage P&I
81%
$3,031
Property Taxes
12%
$452
Home Insurance
5%
$206
HOA
0%
$0
Property Management
10%
$376
CapEx
5%
$188
Vacancy
6%
$225
Maintenance
5%
$188
Other
0%
$0