This property looks like a bad Long-Term investment with a projected -4.23% first-year return on $130k initial cash invested.
-4.23%
Cash On Cash
6.06%
Cap Rate
0.93
DSCR
$4,466
Rent
-$460
Cashflow
Cash Flow
$4,466 income − $4,926 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$621k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,211
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,466
Total Expenses
$4,926
Mortgage P&I
76%
$3,374
Property Taxes
4%
$172
Home Insurance
5%
$219
HOA
0%
$0
Property Management
10%
$447
CapEx
5%
$223
Vacancy
6%
$268
Maintenance
5%
$223
Other
0%
$0