This property looks like a bad Long-Term investment with a projected -12.64% first-year return on $124k initial cash invested.
-12.64%
Cash On Cash
4.3%
Cap Rate
0.65
DSCR
$3,815
Rent
-$1,310
Cashflow
Cash Flow
$3,815 income − $5,125 expenses = $1,310 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,922
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,815
Total Expenses
$5,125
Mortgage P&I
85%
$3,239
Property Taxes
18%
$683
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$382
CapEx
5%
$191
Vacancy
6%
$229
Maintenance
5%
$191
Other
0%
$0