This property looks like a bad Long-Term investment with a projected -22.13% first-year return on $125k initial cash invested.
-22.13%
Cash On Cash
2.33%
Cap Rate
0.34
DSCR
$1,878
Rent
-$2,304
Cashflow
Cash Flow
$1,878 income − $4,182 expenses = $2,304 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,878
Total Expenses
$4,182
Mortgage P&I
179%
$3,363
Property Taxes
7%
$122
Home Insurance
11%
$208
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0