This property looks like a bad Long-Term investment with a projected -15.64% first-year return on $126k initial cash invested.
-15.64%
Cash On Cash
3.36%
Cap Rate
0.53
DSCR
$3,276
Rent
-$1,641
Cashflow
Cash Flow
$3,276 income − $4,917 expenses = $1,641 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%
$5,997
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,276
Total Expenses
$4,917
Mortgage P&I
96%
$3,158
Property Taxes
12%
$385
Home Insurance
7%
$236
HOA
9%
$285
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0