This property looks like a bad Long-Term investment with a projected -29.71% first-year return on $126k initial cash invested.
-29.71%
Cash On Cash
-0.06%
Cap Rate
-0.01
DSCR
$973
Rent
-$3,119
Cashflow
Cash Flow
$973 income − $4,092 expenses = $3,119 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%
$5,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$973
Total Expenses
$4,092
Mortgage P&I
313%
$3,042
Property Taxes
60%
$587
Home Insurance
22%
$210
HOA
0%
$0
Property Management
10%
$97
CapEx
5%
$49
Vacancy
6%
$58
Maintenance
5%
$49
Other
0%
$0