This property looks like a bad Long-Term investment with a projected -13.34% first-year return on $126k initial cash invested.
-13.34%
Cash On Cash
4.06%
Cap Rate
0.62
DSCR
$2,916
Rent
-$1,401
Cashflow
Cash Flow
$2,916 income − $4,317 expenses = $1,401 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
$2,916
Total Expenses
$4,317
Mortgage P&I
113%
$3,285
Property Taxes
2%
$63
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0