This property looks like a bad Long-Term investment with a projected -15.4% first-year return on $126k initial cash invested.
-15.4%
Cash On Cash
3.29%
Cap Rate
0.52
DSCR
$2,482
Rent
-$1,617
Cashflow
Cash Flow
$2,482 income − $4,099 expenses = $1,617 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%
$5,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,482
Total Expenses
$4,099
Mortgage P&I
126%
$3,138
Property Taxes
4%
$106
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0