This property looks like a bad Long-Term investment with a projected -19.68% first-year return on $126k initial cash invested.
-19.68%
Cash On Cash
2.74%
Cap Rate
0.41
DSCR
$2,618
Rent
-$2,066
Cashflow
Cash Flow
$2,618 income − $4,684 expenses = $2,066 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,618
Total Expenses
$4,684
Mortgage P&I
126%
$3,307
Property Taxes
19%
$486
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0