This property looks like a bad Long-Term investment with a projected -15.34% first-year return on $126k initial cash invested.
-15.34%
Cash On Cash
3.86%
Cap Rate
0.57
DSCR
$3,335
Rent
-$1,611
Cashflow
Cash Flow
$3,335 income − $4,946 expenses = $1,611 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,335
Total Expenses
$4,946
Mortgage P&I
101%
$3,373
Property Taxes
15%
$495
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0