This property looks like a bad Long-Term investment with a projected -11.8% first-year return on $125k initial cash invested.
-11.8%
Cash On Cash
4.49%
Cap Rate
0.68
DSCR
$3,271
Rent
-$1,229
Cashflow
Cash Flow
$3,271 income − $4,500 expenses = $1,229 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,271
Total Expenses
$4,500
Mortgage P&I
101%
$3,291
Property Taxes
5%
$150
Home Insurance
6%
$208
HOA
0%
$0
Property Management
10%
$327
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0