This property looks like a bad Long-Term investment with a projected -16.74% first-year return on $126k initial cash invested.
-16.74%
Cash On Cash
3.26%
Cap Rate
0.5
DSCR
$2,515
Rent
-$1,757
Cashflow
Cash Flow
$2,515 income − $4,272 expenses = $1,757 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,515
Total Expenses
$4,272
Mortgage P&I
130%
$3,263
Property Taxes
6%
$144
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0