This property looks like a bad Long-Term investment with a projected -9.78% first-year return on $130k initial cash invested.
-9.78%
Cash On Cash
4.49%
Cap Rate
0.73
DSCR
$3,656
Rent
-$1,061
Cashflow
Cash Flow
$3,656 income − $4,717 expenses = $1,061 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,201
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,656
Total Expenses
$4,717
Mortgage P&I
88%
$3,199
Property Taxes
9%
$343
Home Insurance
6%
$224
HOA
0%
$0
Property Management
10%
$366
CapEx
5%
$183
Vacancy
6%
$219
Maintenance
5%
$183
Other
0%
$0