This property looks like a bad Long-Term investment with a projected -8.76% first-year return on $121k initial cash invested.
-8.76%
Cash On Cash
5.37%
Cap Rate
0.79
DSCR
$3,877
Rent
-$885
Cashflow
Cash Flow
$3,877 income − $4,762 expenses = $885 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$116k
Closing costs
1%
$5,776
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,877
Total Expenses
$4,762
Mortgage P&I
84%
$3,275
Property Taxes
7%
$268
Home Insurance
5%
$210
HOA
0%
$0
Property Management
10%
$388
CapEx
5%
$194
Vacancy
6%
$233
Maintenance
5%
$194
Other
0%
$0