This property looks like a bad Long-Term investment with a projected -21.58% first-year return on $126k initial cash invested.
-21.58%
Cash On Cash
1.66%
Cap Rate
0.27
DSCR
$1,609
Rent
-$2,266
Cashflow
Cash Flow
$1,609 income − $3,875 expenses = $2,266 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.4%
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
$1,609
Total Expenses
$3,875
Mortgage P&I
187%
$3,014
Property Taxes
14%
$233
Home Insurance
13%
$210
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$97
Maintenance
5%
$80
Other
0%
$0