This property looks like a bad Long-Term investment with a projected -21.56% first-year return on $130k initial cash invested.
-21.56%
Cash On Cash
2.43%
Cap Rate
0.36
DSCR
$2,969
Rent
-$2,342
Cashflow
Cash Flow
$2,969 income − $5,311 expenses = $2,342 out of pocket
Investment Breakdown
|
Purchase Price
$621k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,969
Total Expenses
$5,311
Mortgage P&I
116%
$3,453
Property Taxes
26%
$762
Home Insurance
8%
$227
HOA
3%
$98
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0