This property looks like a bad Long-Term investment with a projected -19.89% first-year return on $125k initial cash invested.
-19.89%
Cash On Cash
2.54%
Cap Rate
0.39
DSCR
$2,801
Rent
-$2,078
Cashflow
Cash Flow
$2,801 income − $4,879 expenses = $2,078 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,969
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,801
Total Expenses
$4,879
Mortgage P&I
114%
$3,201
Property Taxes
25%
$705
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0