This property looks like a bad Long-Term investment with a projected -13.36% first-year return on $125k initial cash invested.
-13.36%
Cash On Cash
4.05%
Cap Rate
0.62
DSCR
$3,272
Rent
-$1,397
Cashflow
Cash Flow
$3,272 income − $4,669 expenses = $1,397 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$120k
Closing costs
1%
$5,975
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,272
Total Expenses
$4,669
Mortgage P&I
99%
$3,251
Property Taxes
11%
$357
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$327
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0