This property looks like a bad Long-Term investment with a projected -9.58% first-year return on $123k initial cash invested.
-9.58%
Cash On Cash
4.57%
Cap Rate
0.74
DSCR
$3,847
Rent
-$979
Cashflow
Cash Flow
$3,847 income − $4,826 expenses = $979 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,842
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,847
Total Expenses
$4,826
Mortgage P&I
78%
$3,012
Property Taxes
16%
$622
Home Insurance
5%
$192
HOA
0%
$0
Property Management
10%
$385
CapEx
5%
$192
Vacancy
6%
$231
Maintenance
5%
$192
Other
0%
$0