This property looks like a bad Long-Term investment with a projected -15.36% first-year return on $126k initial cash invested.
-15.36%
Cash On Cash
3.49%
Cap Rate
0.55
DSCR
$3,813
Rent
-$1,613
Cashflow
Cash Flow
$3,813 income − $5,426 expenses = $1,613 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,813
Total Expenses
$5,426
Mortgage P&I
83%
$3,165
Property Taxes
28%
$1,059
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$381
CapEx
5%
$191
Vacancy
6%
$229
Maintenance
5%
$191
Other
0%
$0