This property looks like a bad Long-Term investment with a projected -15.59% first-year return on $125k initial cash invested.
-15.59%
Cash On Cash
3.23%
Cap Rate
0.52
DSCR
$2,872
Rent
-$1,623
Cashflow
Cash Flow
$2,872 income − $4,495 expenses = $1,623 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,872
Total Expenses
$4,495
Mortgage P&I
107%
$3,081
Property Taxes
16%
$459
Home Insurance
7%
$208
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0