This property looks like a bad Long-Term investment with a projected -20.49% first-year return on $125k initial cash invested.
-20.49%
Cash On Cash
2.4%
Cap Rate
0.37
DSCR
$2,804
Rent
-$2,127
Cashflow
Cash Flow
$2,804 income − $4,931 expenses = $2,127 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,932
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,804
Total Expenses
$4,931
Mortgage P&I
113%
$3,171
Property Taxes
27%
$752
Home Insurance
10%
$280
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0