This property looks like a bad Long-Term investment with a projected -15.95% first-year return on $126k initial cash invested.
-15.95%
Cash On Cash
3.24%
Cap Rate
0.52
DSCR
$2,977
Rent
-$1,673
Cashflow
Cash Flow
$2,977 income − $4,650 expenses = $1,673 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,977
Total Expenses
$4,650
Mortgage P&I
106%
$3,144
Property Taxes
18%
$521
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0