This property looks like a bad Long-Term investment with a projected -6.28% first-year return on $121k initial cash invested.
-6.28%
Cash On Cash
5.55%
Cap Rate
0.87
DSCR
$4,483
Rent
-$632
Cashflow
Cash Flow
$4,483 income − $5,115 expenses = $632 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,755
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,483
Total Expenses
$5,115
Mortgage P&I
69%
$3,072
Property Taxes
16%
$696
Home Insurance
4%
$182
HOA
0%
$0
Property Management
10%
$448
CapEx
5%
$224
Vacancy
6%
$269
Maintenance
5%
$224
Other
0%
$0