This property looks like a bad Long-Term investment with a projected -18.68% first-year return on $125k initial cash invested.
-18.68%
Cash On Cash
2.99%
Cap Rate
0.45
DSCR
$3,076
Rent
-$1,947
Cashflow
Cash Flow
$3,076 income − $5,023 expenses = $1,947 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%
$5,955
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,076
Total Expenses
$5,023
Mortgage P&I
106%
$3,275
Property Taxes
15%
$457
Home Insurance
7%
$210
HOA
9%
$280
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0