This property looks like a bad Long-Term investment with a projected -25.51% first-year return on $126k initial cash invested.
-25.51%
Cash On Cash
1.4%
Cap Rate
0.22
DSCR
$2,704
Rent
-$2,679
Cashflow
Cash Flow
$2,704 income − $5,383 expenses = $2,679 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,704
Total Expenses
$5,383
Mortgage P&I
120%
$3,246
Property Taxes
29%
$790
Home Insurance
8%
$210
HOA
16%
$435
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0