This property looks like a bad Long-Term investment with a projected -29.1% first-year return on $126k initial cash invested.
-29.1%
Cash On Cash
0.33%
Cap Rate
0.05
DSCR
$898
Rent
-$3,055
Cashflow
Cash Flow
$898 income − $3,953 expenses = $3,055 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.0%
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
$898
Total Expenses
$3,953
Mortgage P&I
354%
$3,176
Property Taxes
37%
$333
Home Insurance
23%
$210
HOA
0%
$0
Property Management
10%
$90
CapEx
5%
$45
Vacancy
6%
$54
Maintenance
5%
$45
Other
0%
$0