This property looks like a bad Long-Term investment with a projected -15.1% first-year return on $125k initial cash invested.
-15.1%
Cash On Cash
3.21%
Cap Rate
0.53
DSCR
$3,068
Rent
-$1,571
Cashflow
Cash Flow
$3,068 income − $4,639 expenses = $1,571 out of pocket
Investment Breakdown
|
Purchase Price
$594k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,944
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,068
Total Expenses
$4,639
Mortgage P&I
98%
$3,007
Property Taxes
20%
$625
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0