This property looks like a bad Long-Term investment with a projected -17.34% first-year return on $125k initial cash invested.
-17.34%
Cash On Cash
3.2%
Cap Rate
0.49
DSCR
$2,996
Rent
-$1,808
Cashflow
Cash Flow
$2,996 income − $4,804 expenses = $1,808 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,957
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,996
Total Expenses
$4,804
Mortgage P&I
108%
$3,245
Property Taxes
19%
$569
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0