This property looks like a bad Long-Term investment with a projected -3.53% first-year return on $125k initial cash invested.
-3.53%
Cash On Cash
6.15%
Cap Rate
0.96
DSCR
$4,986
Rent
-$367
Cashflow
Cash Flow
$4,986 income − $5,353 expenses = $367 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,934
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,986
Total Expenses
$5,353
Mortgage P&I
63%
$3,158
Property Taxes
6%
$292
Home Insurance
4%
$206
HOA
8%
$401
Property Management
10%
$499
CapEx
5%
$249
Vacancy
6%
$299
Maintenance
5%
$249
Other
0%
$0