This property looks like a bad Long-Term investment with a projected -16.34% first-year return on $125k initial cash invested.
-16.34%
Cash On Cash
2.91%
Cap Rate
0.48
DSCR
$2,646
Rent
-$1,701
Cashflow
Cash Flow
$2,646 income − $4,347 expenses = $1,701 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,646
Total Expenses
$4,347
Mortgage P&I
114%
$3,011
Property Taxes
17%
$440
Home Insurance
8%
$208
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0