This property looks like a bad Long-Term investment with a projected -6.45% first-year return on $123k initial cash invested.
-6.45%
Cash On Cash
5.7%
Cap Rate
0.86
DSCR
$4,373
Rent
-$661
Cashflow
Cash Flow
$4,373 income − $5,034 expenses = $661 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,852
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,373
Total Expenses
$5,034
Mortgage P&I
74%
$3,224
Property Taxes
11%
$481
Home Insurance
4%
$192
HOA
0%
$0
Property Management
10%
$437
CapEx
5%
$219
Vacancy
6%
$262
Maintenance
5%
$219
Other
0%
$0