This property looks like a bad Long-Term investment with a projected -9.53% first-year return on $125k initial cash invested.
-9.53%
Cash On Cash
4.49%
Cap Rate
0.73
DSCR
$3,748
Rent
-$996
Cashflow
Cash Flow
$3,748 income − $4,744 expenses = $996 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,969
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,748
Total Expenses
$4,744
Mortgage P&I
81%
$3,040
Property Taxes
13%
$476
Home Insurance
7%
$254
HOA
0%
$0
Property Management
10%
$375
CapEx
5%
$187
Vacancy
6%
$225
Maintenance
5%
$187
Other
0%
$0