This property looks like a bad Long-Term investment with a projected -17.02% first-year return on $130k initial cash invested.
-17.02%
Cash On Cash
2.87%
Cap Rate
0.47
DSCR
$3,058
Rent
-$1,842
Cashflow
Cash Flow
$3,058 income − $4,900 expenses = $1,842 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,184
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,058
Total Expenses
$4,900
Mortgage P&I
104%
$3,167
Property Taxes
14%
$439
Home Insurance
7%
$219
HOA
9%
$280
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0