This property looks like a bad Long-Term investment with a projected -8.46% first-year return on $123k initial cash invested.
-8.46%
Cash On Cash
5.08%
Cap Rate
0.78
DSCR
$3,615
Rent
-$867
Cashflow
Cash Flow
$3,615 income − $4,482 expenses = $867 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,859
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,615
Total Expenses
$4,482
Mortgage P&I
88%
$3,167
Property Taxes
5%
$169
Home Insurance
6%
$205
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0