This property looks like a bad Long-Term investment with a projected -11.08% first-year return on $126k initial cash invested.
-11.08%
Cash On Cash
4.08%
Cap Rate
0.68
DSCR
$3,890
Rent
-$1,163
Cashflow
Cash Flow
$3,890 income − $5,053 expenses = $1,163 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%
$6,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,890
Total Expenses
$5,053
Mortgage P&I
77%
$3,009
Property Taxes
21%
$819
Home Insurance
6%
$215
HOA
0%
$0
Property Management
10%
$389
CapEx
5%
$194
Vacancy
6%
$233
Maintenance
5%
$194
Other
0%
$0