This property looks like a bad Long-Term investment with a projected -14.52% first-year return on $126k initial cash invested.
-14.52%
Cash On Cash
3.62%
Cap Rate
0.57
DSCR
$3,133
Rent
-$1,524
Cashflow
Cash Flow
$3,133 income − $4,657 expenses = $1,524 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
$3,133
Total Expenses
$4,657
Mortgage P&I
101%
$3,178
Property Taxes
14%
$454
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0