This property looks like a bad Long-Term investment with a projected -18.25% first-year return on $125k initial cash invested.
-18.25%
Cash On Cash
2.59%
Cap Rate
0.42
DSCR
$2,610
Rent
-$1,905
Cashflow
Cash Flow
$2,610 income − $4,515 expenses = $1,905 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,966
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,610
Total Expenses
$4,515
Mortgage P&I
117%
$3,063
Property Taxes
21%
$554
Home Insurance
8%
$210
HOA
0%
$10
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$157
Maintenance
5%
$130
Other
0%
$0