This property looks like a bad Long-Term investment with a projected -15.78% first-year return on $126k initial cash invested.
-15.78%
Cash On Cash
3.39%
Cap Rate
0.53
DSCR
$3,124
Rent
-$1,657
Cashflow
Cash Flow
$3,124 income − $4,781 expenses = $1,657 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
$3,124
Total Expenses
$4,781
Mortgage P&I
102%
$3,198
Property Taxes
18%
$562
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0