This property looks like a bad Long-Term investment with a projected -11.85% first-year return on $130k initial cash invested.
-11.85%
Cash On Cash
4.19%
Cap Rate
0.66
DSCR
$3,352
Rent
-$1,280
Cashflow
Cash Flow
$3,352 income − $4,632 expenses = $1,280 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$123k
Closing costs
1%
$6,170
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,352
Total Expenses
$4,632
Mortgage P&I
97%
$3,266
Property Taxes
8%
$262
Home Insurance
7%
$219
HOA
0%
$13
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0