This property looks like a bad Long-Term investment with a projected -21.21% first-year return on $125k initial cash invested.
-21.21%
Cash On Cash
2.15%
Cap Rate
0.33
DSCR
$1,737
Rent
-$2,209
Cashflow
Cash Flow
$1,737 income − $3,946 expenses = $2,209 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,737
Total Expenses
$3,946
Mortgage P&I
184%
$3,190
Property Taxes
6%
$96
Home Insurance
12%
$208
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0