This property looks like a bad Long-Term investment with a projected -15.08% first-year return on $126k initial cash invested.
-15.08%
Cash On Cash
3.51%
Cap Rate
0.55
DSCR
$2,715
Rent
-$1,583
Cashflow
Cash Flow
$2,715 income − $4,298 expenses = $1,583 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
$2,715
Total Expenses
$4,298
Mortgage P&I
118%
$3,200
Property Taxes
6%
$152
Home Insurance
8%
$210
HOA
1%
$29
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0