This property looks like a bad Long-Term investment with a projected -9.09% first-year return on $119k initial cash invested.
-9.09%
Cash On Cash
5.06%
Cap Rate
0.78
DSCR
$4,816
Rent
-$902
Cashflow
Cash Flow
$4,816 income − $5,718 expenses = $902 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,669
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,816
Total Expenses
$5,718
Mortgage P&I
63%
$3,051
Property Taxes
19%
$935
Home Insurance
4%
$205
HOA
6%
$274
Property Management
10%
$482
CapEx
5%
$241
Vacancy
6%
$289
Maintenance
5%
$241
Other
0%
$0