This property looks like a bad Long-Term investment with a projected -21.42% first-year return on $130k initial cash invested.
-21.42%
Cash On Cash
2.15%
Cap Rate
0.34
DSCR
$2,432
Rent
-$2,326
Cashflow
Cash Flow
$2,432 income − $4,758 expenses = $2,326 out of pocket
Investment Breakdown
|
Purchase Price
$621k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,206
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,432
Total Expenses
$4,758
Mortgage P&I
136%
$3,317
Property Taxes
24%
$588
Home Insurance
9%
$220
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0