This property looks like a bad Long-Term investment with a projected -16.05% first-year return on $126k initial cash invested.
-16.05%
Cash On Cash
3.43%
Cap Rate
0.53
DSCR
$3,143
Rent
-$1,685
Cashflow
Cash Flow
$3,143 income − $4,828 expenses = $1,685 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,143
Total Expenses
$4,828
Mortgage P&I
103%
$3,245
Property Taxes
18%
$556
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0