This property looks like a bad Long-Term investment with a projected -21.42% first-year return on $125k initial cash invested.
-21.42%
Cash On Cash
1.86%
Cap Rate
0.3
DSCR
$1,876
Rent
-$2,223
Cashflow
Cash Flow
$1,876 income − $4,099 expenses = $2,223 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,931
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,876
Total Expenses
$4,099
Mortgage P&I
163%
$3,049
Property Taxes
16%
$300
Home Insurance
12%
$219
HOA
2%
$42
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0