This property looks like a bad Long-Term investment with a projected -21.4% first-year return on $125k initial cash invested.
-21.4%
Cash On Cash
2.48%
Cap Rate
0.37
DSCR
$2,564
Rent
-$2,232
Cashflow
Cash Flow
$2,564 income − $4,796 expenses = $2,232 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,960
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,564
Total Expenses
$4,796
Mortgage P&I
130%
$3,337
Property Taxes
23%
$584
Home Insurance
8%
$209
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0