This property looks like a bad Long-Term investment with a projected -11.58% first-year return on $126k initial cash invested.
-11.58%
Cash On Cash
4.4%
Cap Rate
0.68
DSCR
$3,594
Rent
-$1,216
Cashflow
Cash Flow
$3,594 income − $4,810 expenses = $1,216 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,003
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,594
Total Expenses
$4,810
Mortgage P&I
90%
$3,235
Property Taxes
13%
$451
Home Insurance
5%
$189
HOA
0%
$0
Property Management
10%
$359
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0