This property looks like a bad Long-Term investment with a projected -19.96% first-year return on $125k initial cash invested.
-19.96%
Cash On Cash
2.58%
Cap Rate
0.39
DSCR
$2,267
Rent
-$2,078
Cashflow
Cash Flow
$2,267 income − $4,345 expenses = $2,078 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,267
Total Expenses
$4,345
Mortgage P&I
143%
$3,243
Property Taxes
13%
$305
Home Insurance
9%
$208
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0