This property looks like a bad Long-Term investment with a projected -8.31% first-year return on $127k initial cash invested.
-8.31%
Cash On Cash
4.66%
Cap Rate
0.77
DSCR
$3,833
Rent
-$876
Cashflow
Cash Flow
$3,833 income − $4,709 expenses = $876 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,027
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,833
Total Expenses
$4,709
Mortgage P&I
79%
$3,023
Property Taxes
12%
$471
Home Insurance
6%
$218
HOA
0%
$0
Property Management
10%
$383
CapEx
5%
$192
Vacancy
6%
$230
Maintenance
5%
$192
Other
0%
$0