This property looks like a bad Long-Term investment with a projected -20.46% first-year return on $126k initial cash invested.
-20.46%
Cash On Cash
2.36%
Cap Rate
0.37
DSCR
$1,852
Rent
-$2,148
Cashflow
Cash Flow
$1,852 income − $4,000 expenses = $2,148 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
$1,852
Total Expenses
$4,000
Mortgage P&I
175%
$3,237
Property Taxes
2%
$29
Home Insurance
11%
$210
HOA
2%
$42
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0