This property looks like a bad Long-Term investment with a projected -13.1% first-year return on $126k initial cash invested.
-13.1%
Cash On Cash
3.62%
Cap Rate
0.6
DSCR
$3,087
Rent
-$1,376
Cashflow
Cash Flow
$3,087 income − $4,463 expenses = $1,376 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
$3,087
Total Expenses
$4,463
Mortgage P&I
98%
$3,034
Property Taxes
14%
$417
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0