This property looks like a bad Long-Term investment with a projected -16.22% first-year return on $126k initial cash invested.
-16.22%
Cash On Cash
2.96%
Cap Rate
0.49
DSCR
$2,734
Rent
-$1,703
Cashflow
Cash Flow
$2,734 income − $4,437 expenses = $1,703 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,734
Total Expenses
$4,437
Mortgage P&I
111%
$3,045
Property Taxes
17%
$471
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0