This property looks like a bad Long-Term investment with a projected -22.47% first-year return on $126k initial cash invested.
-22.47%
Cash On Cash
1.87%
Cap Rate
0.29
DSCR
$1,912
Rent
-$2,359
Cashflow
Cash Flow
$1,912 income − $4,271 expenses = $2,359 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
$1,912
Total Expenses
$4,271
Mortgage P&I
167%
$3,196
Property Taxes
19%
$367
Home Insurance
11%
$210
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0