This property looks like a bad Long-Term investment with a projected -17.91% first-year return on $125k initial cash invested.
-17.91%
Cash On Cash
3.1%
Cap Rate
0.47
DSCR
$2,533
Rent
-$1,859
Cashflow
Cash Flow
$2,533 income − $4,392 expenses = $1,859 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,930
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,533
Total Expenses
$4,392
Mortgage P&I
129%
$3,265
Property Taxes
10%
$258
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0