This property looks like a bad Long-Term investment with a projected -11.6% first-year return on $125k initial cash invested.
-11.6%
Cash On Cash
4.09%
Cap Rate
0.66
DSCR
$3,445
Rent
-$1,206
Cashflow
Cash Flow
$3,445 income − $4,651 expenses = $1,206 out of pocket
Investment Breakdown
|
Purchase Price
$594k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,445
Total Expenses
$4,651
Mortgage P&I
89%
$3,057
Property Taxes
14%
$489
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0