This property looks like a bad Long-Term investment with a projected -19.26% first-year return on $126k initial cash invested.
-19.26%
Cash On Cash
2.33%
Cap Rate
0.38
DSCR
$2,010
Rent
-$2,021
Cashflow
Cash Flow
$2,010 income − $4,031 expenses = $2,021 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,995
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,010
Total Expenses
$4,031
Mortgage P&I
153%
$3,084
Property Taxes
11%
$215
Home Insurance
10%
$210
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0