This property looks like a bad Long-Term investment with a projected -9% first-year return on $126k initial cash invested.
-9%
Cash On Cash
5.1%
Cap Rate
0.77
DSCR
$4,081
Rent
-$947
Cashflow
Cash Flow
$4,081 income − $5,028 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,016
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,081
Total Expenses
$5,028
Mortgage P&I
81%
$3,302
Property Taxes
11%
$446
Home Insurance
5%
$219
HOA
0%
$0
Property Management
10%
$408
CapEx
5%
$204
Vacancy
6%
$245
Maintenance
5%
$204
Other
0%
$0