This property looks like a bad Long-Term investment with a projected -17.8% first-year return on $130k initial cash invested.
-17.8%
Cash On Cash
3.06%
Cap Rate
0.47
DSCR
$2,984
Rent
-$1,928
Cashflow
Cash Flow
$2,984 income − $4,912 expenses = $1,928 out of pocket
Investment Breakdown
|
Purchase Price
$619k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,984
Total Expenses
$4,912
Mortgage P&I
113%
$3,357
Property Taxes
19%
$563
Home Insurance
7%
$217
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0