This property looks like a bad Long-Term investment with a projected -14.45% first-year return on $126k initial cash invested.
-14.45%
Cash On Cash
3.41%
Cap Rate
0.56
DSCR
$3,327
Rent
-$1,517
Cashflow
Cash Flow
$3,327 income − $4,844 expenses = $1,517 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,327
Total Expenses
$4,844
Mortgage P&I
92%
$3,056
Property Taxes
21%
$713
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$333
CapEx
5%
$166
Vacancy
6%
$200
Maintenance
5%
$166
Other
0%
$0