This property looks like a bad Long-Term investment with a projected -8.62% first-year return on $107k initial cash invested.
-8.62%
Cash On Cash
4.78%
Cap Rate
0.78
DSCR
$3,921
Rent
-$765
Cashflow
Cash Flow
$3,921 income − $4,686 expenses = $765 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$101k
Closing costs
1%
$5,072
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,921
Total Expenses
$4,686
Mortgage P&I
66%
$2,589
Property Taxes
13%
$526
Home Insurance
5%
$182
HOA
9%
$370
Property Management
10%
$392
CapEx
5%
$196
Vacancy
6%
$235
Maintenance
5%
$196
Other
0%
$0