This property looks like a bad Long-Term investment with a projected -23.9% first-year return on $130k initial cash invested.
-23.9%
Cash On Cash
1.8%
Cap Rate
0.27
DSCR
$2,502
Rent
-$2,599
Cashflow
Cash Flow
$2,502 income − $5,101 expenses = $2,599 out of pocket
Investment Breakdown
|
Purchase Price
$621k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,214
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,502
Total Expenses
$5,101
Mortgage P&I
136%
$3,405
Property Taxes
33%
$822
Home Insurance
9%
$224
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0