This property looks like a bad Long-Term investment with a projected -16.34% first-year return on $126k initial cash invested.
-16.34%
Cash On Cash
3.3%
Cap Rate
0.51
DSCR
$3,088
Rent
-$1,715
Cashflow
Cash Flow
$3,088 income − $4,803 expenses = $1,715 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%
$5,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,088
Total Expenses
$4,803
Mortgage P&I
104%
$3,209
Property Taxes
19%
$582
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0