This property looks like a bad Long-Term investment with a projected -20.47% first-year return on $125k initial cash invested.
-20.47%
Cash On Cash
2.12%
Cap Rate
0.34
DSCR
$2,268
Rent
-$2,131
Cashflow
Cash Flow
$2,268 income − $4,399 expenses = $2,131 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,268
Total Expenses
$4,399
Mortgage P&I
135%
$3,067
Property Taxes
22%
$491
Home Insurance
11%
$252
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0