This property looks like a bad Long-Term investment with a projected -16.64% first-year return on $126k initial cash invested.
-16.64%
Cash On Cash
2.85%
Cap Rate
0.47
DSCR
$2,676
Rent
-$1,747
Cashflow
Cash Flow
$2,676 income − $4,423 expenses = $1,747 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%
$5,998
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,676
Total Expenses
$4,423
Mortgage P&I
113%
$3,036
Property Taxes
16%
$417
Home Insurance
8%
$210
HOA
2%
$63
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0