This property looks like a bad Long-Term investment with a projected -17.72% first-year return on $126k initial cash invested.
-17.72%
Cash On Cash
3.03%
Cap Rate
0.47
DSCR
$3,053
Rent
-$1,861
Cashflow
Cash Flow
$3,053 income − $4,914 expenses = $1,861 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,053
Total Expenses
$4,914
Mortgage P&I
106%
$3,223
Property Taxes
15%
$462
Home Insurance
7%
$210
HOA
7%
$225
Property Management
10%
$305
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0