This property looks like a bad Long-Term investment with a projected -19.38% first-year return on $125k initial cash invested.
-19.38%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$2,761
Rent
-$2,026
Cashflow
Cash Flow
$2,761 income − $4,787 expenses = $2,026 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,761
Total Expenses
$4,787
Mortgage P&I
118%
$3,250
Property Taxes
21%
$591
Home Insurance
8%
$228
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0