This property looks like a bad Long-Term investment with a projected -8.78% first-year return on $131k initial cash invested.
-8.78%
Cash On Cash
4.52%
Cap Rate
0.75
DSCR
$3,476
Rent
-$959
Cashflow
Cash Flow
$3,476 income − $4,435 expenses = $959 out of pocket
Investment Breakdown
|
Purchase Price
$624k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,476
Total Expenses
$4,435
Mortgage P&I
90%
$3,137
Property Taxes
5%
$169
Home Insurance
6%
$224
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0