This property looks like a bad Long-Term investment with a projected -15.16% first-year return on $126k initial cash invested.
-15.16%
Cash On Cash
3.15%
Cap Rate
0.52
DSCR
$2,791
Rent
-$1,592
Cashflow
Cash Flow
$2,791 income − $4,383 expenses = $1,592 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,791
Total Expenses
$4,383
Mortgage P&I
108%
$3,025
Property Taxes
15%
$422
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$167
Maintenance
5%
$140
Other
0%
$0