This property looks like a bad Long-Term investment with a projected -15.38% first-year return on $125k initial cash invested.
-15.38%
Cash On Cash
3.59%
Cap Rate
0.55
DSCR
$3,188
Rent
-$1,607
Cashflow
Cash Flow
$3,188 income − $4,795 expenses = $1,607 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,971
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,188
Total Expenses
$4,795
Mortgage P&I
101%
$3,234
Property Taxes
17%
$532
Home Insurance
6%
$201
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0