This property looks like a bad Long-Term investment with a projected -13.66% first-year return on $126k initial cash invested.
-13.66%
Cash On Cash
3.75%
Cap Rate
0.59
DSCR
$3,068
Rent
-$1,434
Cashflow
Cash Flow
$3,068 income − $4,502 expenses = $1,434 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,068
Total Expenses
$4,502
Mortgage P&I
103%
$3,157
Property Taxes
11%
$338
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0