This property looks like a bad Long-Term investment with a projected -21.72% first-year return on $126k initial cash invested.
-21.72%
Cash On Cash
1.97%
Cap Rate
0.31
DSCR
$1,762
Rent
-$2,281
Cashflow
Cash Flow
$1,762 income − $4,043 expenses = $2,281 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,762
Total Expenses
$4,043
Mortgage P&I
180%
$3,176
Property Taxes
11%
$199
Home Insurance
12%
$210
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0