This property looks like a bad Long-Term investment with a projected -18.26% first-year return on $126k initial cash invested.
-18.26%
Cash On Cash
2.91%
Cap Rate
0.45
DSCR
$2,301
Rent
-$1,917
Cashflow
Cash Flow
$2,301 income − $4,218 expenses = $1,917 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%
$5,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,301
Total Expenses
$4,218
Mortgage P&I
142%
$3,257
Property Taxes
7%
$153
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0