This property looks like a bad Long-Term investment with a projected -20.26% first-year return on $126k initial cash invested.
-20.26%
Cash On Cash
2.63%
Cap Rate
0.4
DSCR
$3,177
Rent
-$2,128
Cashflow
Cash Flow
$3,177 income − $5,305 expenses = $2,128 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,002
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,177
Total Expenses
$5,305
Mortgage P&I
103%
$3,284
Property Taxes
26%
$820
Home Insurance
7%
$215
HOA
5%
$159
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0