This property looks like a bad Long-Term investment with a projected -8.64% first-year return on $125k initial cash invested.
-8.64%
Cash On Cash
4.61%
Cap Rate
0.76
DSCR
$3,395
Rent
-$899
Cashflow
Cash Flow
$3,395 income − $4,294 expenses = $899 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,948
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,395
Total Expenses
$4,294
Mortgage P&I
89%
$3,015
Property Taxes
5%
$168
Home Insurance
7%
$227
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0