This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $125k initial cash invested.
-13.7%
Cash On Cash
3.53%
Cap Rate
0.58
DSCR
$3,473
Rent
-$1,430
Cashflow
Cash Flow
$3,473 income − $4,903 expenses = $1,430 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,964
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,473
Total Expenses
$4,903
Mortgage P&I
87%
$3,010
Property Taxes
22%
$780
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$347
CapEx
5%
$174
Vacancy
6%
$208
Maintenance
5%
$174
Other
0%
$0