This property looks like a bad Long-Term investment with a projected -16.39% first-year return on $130k initial cash invested.
-16.39%
Cash On Cash
3.31%
Cap Rate
0.51
DSCR
$3,288
Rent
-$1,774
Cashflow
Cash Flow
$3,288 income − $5,062 expenses = $1,774 out of pocket
Investment Breakdown
|
Purchase Price
$619k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,186
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,288
Total Expenses
$5,062
Mortgage P&I
101%
$3,317
Property Taxes
18%
$589
Home Insurance
7%
$219
HOA
3%
$83
Property Management
10%
$329
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0