This property looks like a bad Long-Term investment with a projected -17.42% first-year return on $125k initial cash invested.
-17.42%
Cash On Cash
3.13%
Cap Rate
0.48
DSCR
$3,066
Rent
-$1,821
Cashflow
Cash Flow
$3,066 income − $4,887 expenses = $1,821 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,972
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,066
Total Expenses
$4,887
Mortgage P&I
105%
$3,226
Property Taxes
17%
$534
Home Insurance
7%
$210
HOA
4%
$120
Property Management
10%
$307
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0