This property looks like a bad Long-Term investment with a projected -19.88% first-year return on $125k initial cash invested.
-19.88%
Cash On Cash
2.38%
Cap Rate
0.38
DSCR
$2,981
Rent
-$2,065
Cashflow
Cash Flow
$2,981 income − $5,046 expenses = $2,065 out of pocket
Investment Breakdown
|
Purchase Price
$594k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,935
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,981
Total Expenses
$5,046
Mortgage P&I
104%
$3,092
Property Taxes
24%
$707
Home Insurance
7%
$196
HOA
9%
$276
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0