This property looks like a bad Long-Term investment with a projected -16.41% first-year return on $126k initial cash invested.
-16.41%
Cash On Cash
3.44%
Cap Rate
0.52
DSCR
$2,701
Rent
-$1,723
Cashflow
Cash Flow
$2,701 income − $4,424 expenses = $1,723 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,701
Total Expenses
$4,424
Mortgage P&I
123%
$3,309
Property Taxes
5%
$128
Home Insurance
8%
$210
HOA
3%
$75
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0