This property looks like a bad Long-Term investment with a projected -13.69% first-year return on $125k initial cash invested.
-13.69%
Cash On Cash
3.87%
Cap Rate
0.61
DSCR
$3,642
Rent
-$1,424
Cashflow
Cash Flow
$3,642 income − $5,066 expenses = $1,424 out of pocket
Investment Breakdown
|
Purchase Price
$594k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,642
Total Expenses
$5,066
Mortgage P&I
87%
$3,159
Property Taxes
21%
$765
Home Insurance
5%
$195
HOA
0%
$0
Property Management
10%
$364
CapEx
5%
$182
Vacancy
6%
$219
Maintenance
5%
$182
Other
0%
$0