This property looks like a bad Long-Term investment with a projected -13.34% first-year return on $125k initial cash invested.
-13.34%
Cash On Cash
3.99%
Cap Rate
0.62
DSCR
$3,375
Rent
-$1,393
Cashflow
Cash Flow
$3,375 income − $4,768 expenses = $1,393 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,966
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,375
Total Expenses
$4,768
Mortgage P&I
95%
$3,206
Property Taxes
14%
$470
Home Insurance
6%
$214
HOA
0%
$0
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$202
Maintenance
5%
$169
Other
0%
$0