This property looks like a bad Long-Term investment with a projected -8.89% first-year return on $122k initial cash invested.
-8.89%
Cash On Cash
4.97%
Cap Rate
0.77
DSCR
$3,960
Rent
-$902
Cashflow
Cash Flow
$3,960 income − $4,862 expenses = $902 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,960
Total Expenses
$4,862
Mortgage P&I
78%
$3,107
Property Taxes
13%
$524
Home Insurance
5%
$201
HOA
0%
$0
Property Management
10%
$396
CapEx
5%
$198
Vacancy
6%
$238
Maintenance
5%
$198
Other
0%
$0