This property looks like a bad Long-Term investment with a projected -17.57% first-year return on $126k initial cash invested.
-17.57%
Cash On Cash
2.91%
Cap Rate
0.47
DSCR
$3,468
Rent
-$1,845
Cashflow
Cash Flow
$3,468 income − $5,313 expenses = $1,845 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,468
Total Expenses
$5,313
Mortgage P&I
90%
$3,128
Property Taxes
31%
$1,074
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$347
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0