This property looks like a bad Long-Term investment with a projected -22% first-year return on $126k initial cash invested.
-22%
Cash On Cash
1.95%
Cap Rate
0.31
DSCR
$1,785
Rent
-$2,310
Cashflow
Cash Flow
$1,785 income − $4,095 expenses = $2,310 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,785
Total Expenses
$4,095
Mortgage P&I
179%
$3,198
Property Taxes
13%
$224
Home Insurance
12%
$210
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0