This property looks like a bad Long-Term investment with a projected -17.84% first-year return on $125k initial cash invested.
-17.84%
Cash On Cash
3.09%
Cap Rate
0.47
DSCR
$2,769
Rent
-$1,865
Cashflow
Cash Flow
$2,769 income − $4,634 expenses = $1,865 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,974
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,769
Total Expenses
$4,634
Mortgage P&I
118%
$3,266
Property Taxes
15%
$423
Home Insurance
8%
$219
HOA
0%
$7
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0