This property looks like a bad Long-Term investment with a projected -14.4% first-year return on $130k initial cash invested.
-14.4%
Cash On Cash
3.36%
Cap Rate
0.55
DSCR
$3,121
Rent
-$1,563
Cashflow
Cash Flow
$3,121 income − $4,684 expenses = $1,563 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,203
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,121
Total Expenses
$4,684
Mortgage P&I
101%
$3,146
Property Taxes
16%
$508
Home Insurance
7%
$219
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0