This property looks like a bad Long-Term investment with a projected -17.55% first-year return on $130k initial cash invested.
-17.55%
Cash On Cash
3.16%
Cap Rate
0.48
DSCR
$3,213
Rent
-$1,894
Cashflow
Cash Flow
$3,213 income − $5,107 expenses = $1,894 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$123k
Closing costs
1%
$6,168
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,213
Total Expenses
$5,107
Mortgage P&I
105%
$3,358
Property Taxes
20%
$641
Home Insurance
7%
$219
HOA
2%
$53
Property Management
10%
$321
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0