This property looks like a bad Long-Term investment with a projected -15.25% first-year return on $125k initial cash invested.
-15.25%
Cash On Cash
3.69%
Cap Rate
0.56
DSCR
$3,263
Rent
-$1,589
Cashflow
Cash Flow
$3,263 income − $4,852 expenses = $1,589 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,956
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,263
Total Expenses
$4,852
Mortgage P&I
100%
$3,259
Property Taxes
16%
$535
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0