This property looks like a bad Long-Term investment with a projected -12.38% first-year return on $125k initial cash invested.
-12.38%
Cash On Cash
3.76%
Cap Rate
0.62
DSCR
$3,281
Rent
-$1,289
Cashflow
Cash Flow
$3,281 income − $4,570 expenses = $1,289 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.4%
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
$3,281
Total Expenses
$4,570
Mortgage P&I
91%
$2,989
Property Taxes
16%
$520
Home Insurance
6%
$208
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0