This property looks like a bad Long-Term investment with a projected -6% first-year return on $129k initial cash invested.
-6%
Cash On Cash
5.64%
Cap Rate
0.87
DSCR
$4,169
Rent
-$647
Cashflow
Cash Flow
$4,169 income − $4,816 expenses = $647 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,163
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,169
Total Expenses
$4,816
Mortgage P&I
80%
$3,334
Property Taxes
4%
$180
Home Insurance
5%
$219
HOA
0%
$0
Property Management
10%
$417
CapEx
5%
$208
Vacancy
6%
$250
Maintenance
5%
$208
Other
0%
$0