This property looks like a bad Long-Term investment with a projected -13.51% first-year return on $126k initial cash invested.
-13.51%
Cash On Cash
3.55%
Cap Rate
0.58
DSCR
$3,196
Rent
-$1,419
Cashflow
Cash Flow
$3,196 income − $4,615 expenses = $1,419 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,196
Total Expenses
$4,615
Mortgage P&I
95%
$3,033
Property Taxes
17%
$540
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0