This property looks like a bad Long-Term investment with a projected -16.55% first-year return on $126k initial cash invested.
-16.55%
Cash On Cash
3.14%
Cap Rate
0.49
DSCR
$2,529
Rent
-$1,738
Cashflow
Cash Flow
$2,529 income − $4,267 expenses = $1,738 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%
$6,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,529
Total Expenses
$4,267
Mortgage P&I
126%
$3,182
Property Taxes
6%
$161
Home Insurance
8%
$210
HOA
2%
$57
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0