This property looks like a bad Long-Term investment with a projected -21.28% first-year return on $126k initial cash invested.
-21.28%
Cash On Cash
2.28%
Cap Rate
0.35
DSCR
$1,968
Rent
-$2,234
Cashflow
Cash Flow
$1,968 income − $4,202 expenses = $2,234 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
$1,968
Total Expenses
$4,202
Mortgage P&I
167%
$3,278
Property Taxes
10%
$203
Home Insurance
11%
$210
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0