This property looks like a bad Long-Term investment with a projected -19.8% first-year return on $125k initial cash invested.
-19.8%
Cash On Cash
2.84%
Cap Rate
0.42
DSCR
$2,466
Rent
-$2,070
Cashflow
Cash Flow
$2,466 income − $4,536 expenses = $2,070 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,974
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,466
Total Expenses
$4,536
Mortgage P&I
136%
$3,362
Property Taxes
14%
$346
Home Insurance
8%
$187
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0