This property looks like a bad Long-Term investment with a projected -12.93% first-year return on $130k initial cash invested.
-12.93%
Cash On Cash
4.29%
Cap Rate
0.65
DSCR
$3,778
Rent
-$1,403
Cashflow
Cash Flow
$3,778 income − $5,181 expenses = $1,403 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,778
Total Expenses
$5,181
Mortgage P&I
91%
$3,428
Property Taxes
15%
$553
Home Insurance
6%
$217
HOA
0%
$0
Property Management
10%
$378
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0