This property looks like a bad Long-Term investment with a projected -19% first-year return on $126k initial cash invested.
-19%
Cash On Cash
2.82%
Cap Rate
0.43
DSCR
$2,958
Rent
-$1,996
Cashflow
Cash Flow
$2,958 income − $4,954 expenses = $1,996 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,004
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,958
Total Expenses
$4,954
Mortgage P&I
110%
$3,260
Property Taxes
24%
$717
Home Insurance
7%
$208
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0