This property looks like a bad Long-Term investment with a projected -17.2% first-year return on $125k initial cash invested.
-17.2%
Cash On Cash
2.97%
Cap Rate
0.47
DSCR
$2,776
Rent
-$1,791
Cashflow
Cash Flow
$2,776 income − $4,567 expenses = $1,791 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,776
Total Expenses
$4,567
Mortgage P&I
113%
$3,127
Property Taxes
18%
$509
Home Insurance
7%
$208
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0