This property looks like a bad Long-Term investment with a projected -15.99% first-year return on $125k initial cash invested.
-15.99%
Cash On Cash
3.4%
Cap Rate
0.53
DSCR
$2,941
Rent
-$1,660
Cashflow
Cash Flow
$2,941 income − $4,601 expenses = $1,660 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,941
Total Expenses
$4,601
Mortgage P&I
109%
$3,193
Property Taxes
15%
$434
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0