This property looks like a bad Long-Term investment with a projected -19.09% first-year return on $126k initial cash invested.
-19.09%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$2,289
Rent
-$2,004
Cashflow
Cash Flow
$2,289 income − $4,293 expenses = $2,004 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,289
Total Expenses
$4,293
Mortgage P&I
143%
$3,280
Property Taxes
8%
$184
Home Insurance
9%
$210
HOA
1%
$25
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0