This property looks like a bad Long-Term investment with a projected -18.78% first-year return on $125k initial cash invested.
-18.78%
Cash On Cash
2.37%
Cap Rate
0.39
DSCR
$1,861
Rent
-$1,961
Cashflow
Cash Flow
$1,861 income − $3,822 expenses = $1,961 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,967
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,861
Total Expenses
$3,822
Mortgage P&I
164%
$3,048
Property Taxes
4%
$71
Home Insurance
12%
$219
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0