This property looks like a bad Long-Term investment with a projected -22.87% first-year return on $130k initial cash invested.
-22.87%
Cash On Cash
1.91%
Cap Rate
0.29
DSCR
$1,944
Rent
-$2,473
Cashflow
Cash Flow
$1,944 income − $4,417 expenses = $2,473 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,180
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,944
Total Expenses
$4,417
Mortgage P&I
173%
$3,358
Property Taxes
17%
$335
Home Insurance
11%
$219
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0