This property looks like a bad Long-Term investment with a projected -18.26% first-year return on $130k initial cash invested.
-18.26%
Cash On Cash
2.95%
Cap Rate
0.45
DSCR
$2,434
Rent
-$1,981
Cashflow
Cash Flow
$2,434 income − $4,415 expenses = $1,981 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,434
Total Expenses
$4,415
Mortgage P&I
139%
$3,384
Property Taxes
7%
$181
Home Insurance
9%
$217
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0