This property looks like a bad Long-Term investment with a projected -18.31% first-year return on $130k initial cash invested.
-18.31%
Cash On Cash
3.08%
Cap Rate
0.46
DSCR
$3,002
Rent
-$1,986
Cashflow
Cash Flow
$3,002 income − $4,988 expenses = $1,986 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,002
Total Expenses
$4,988
Mortgage P&I
114%
$3,428
Property Taxes
19%
$563
Home Insurance
7%
$217
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0