This property looks like a bad Long-Term investment with a projected -7.16% first-year return on $126k initial cash invested.
-7.16%
Cash On Cash
5.36%
Cap Rate
0.83
DSCR
$4,395
Rent
-$751
Cashflow
Cash Flow
$4,395 income − $5,146 expenses = $751 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,395
Total Expenses
$5,146
Mortgage P&I
73%
$3,208
Property Taxes
13%
$584
Home Insurance
5%
$210
HOA
0%
$0
Property Management
10%
$440
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0