This property looks like a bad Long-Term investment with a projected -12.07% first-year return on $125k initial cash invested.
-12.07%
Cash On Cash
4.2%
Cap Rate
0.66
DSCR
$3,997
Rent
-$1,257
Cashflow
Cash Flow
$3,997 income − $5,254 expenses = $1,257 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,952
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,997
Total Expenses
$5,254
Mortgage P&I
79%
$3,140
Property Taxes
22%
$871
Home Insurance
5%
$203
HOA
0%
$0
Property Management
10%
$400
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0