This property looks like a bad Long-Term investment with a projected -18.34% first-year return on $130k initial cash invested.
-18.34%
Cash On Cash
2.45%
Cap Rate
0.4
DSCR
$2,629
Rent
-$1,992
Cashflow
Cash Flow
$2,629 income − $4,621 expenses = $1,992 out of pocket
Investment Breakdown
|
Purchase Price
$621k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,208
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,629
Total Expenses
$4,621
Mortgage P&I
119%
$3,126
Property Taxes
22%
$584
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0