This property looks like a bad Long-Term investment with a projected -18.1% first-year return on $126k initial cash invested.
-18.1%
Cash On Cash
2.99%
Cap Rate
0.46
DSCR
$2,578
Rent
-$1,900
Cashflow
Cash Flow
$2,578 income − $4,478 expenses = $1,900 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,578
Total Expenses
$4,478
Mortgage P&I
127%
$3,264
Property Taxes
13%
$333
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0