This property looks like a bad Long-Term investment with a projected -18.97% first-year return on $125k initial cash invested.
-18.97%
Cash On Cash
2.9%
Cap Rate
0.44
DSCR
$2,847
Rent
-$1,977
Cashflow
Cash Flow
$2,847 income − $4,824 expenses = $1,977 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,956
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,847
Total Expenses
$4,824
Mortgage P&I
115%
$3,272
Property Taxes
21%
$598
Home Insurance
8%
$214
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0