This property looks like a bad Long-Term investment with a projected -22.76% first-year return on $130k initial cash invested.
-22.76%
Cash On Cash
1.46%
Cap Rate
0.24
DSCR
$1,465
Rent
-$2,469
Cashflow
Cash Flow
$1,465 income − $3,934 expenses = $2,469 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,465
Total Expenses
$3,934
Mortgage P&I
215%
$3,148
Property Taxes
13%
$189
Home Insurance
15%
$217
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0