This property looks like a bad Long-Term investment with a projected -14.03% first-year return on $126k initial cash invested.
-14.03%
Cash On Cash
3.84%
Cap Rate
0.59
DSCR
$3,277
Rent
-$1,473
Cashflow
Cash Flow
$3,277 income − $4,750 expenses = $1,473 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,277
Total Expenses
$4,750
Mortgage P&I
99%
$3,229
Property Taxes
10%
$337
Home Insurance
6%
$210
HOA
4%
$121
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0