This property looks like a bad Long-Term investment with a projected -1.03% first-year return on $126k initial cash invested.
-1.03%
Cash On Cash
6.26%
Cap Rate
1.04
DSCR
$4,594
Rent
-$108
Cashflow
Cash Flow
$4,594 income − $4,702 expenses = $108 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.4%
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
$4,594
Total Expenses
$4,702
Mortgage P&I
65%
$3,006
Property Taxes
6%
$291
Home Insurance
5%
$210
HOA
0%
$0
Property Management
10%
$459
CapEx
5%
$230
Vacancy
6%
$276
Maintenance
5%
$230
Other
0%
$0