This property looks like a bad Long-Term investment with a projected -14.23% first-year return on $125k initial cash invested.
-14.23%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$2,849
Rent
-$1,484
Cashflow
Cash Flow
$2,849 income − $4,333 expenses = $1,484 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,958
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,849
Total Expenses
$4,333
Mortgage P&I
113%
$3,219
Property Taxes
5%
$154
Home Insurance
8%
$220
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0