This property looks like a bad Long-Term investment with a projected -14.58% first-year return on $130k initial cash invested.
-14.58%
Cash On Cash
4.03%
Cap Rate
0.6
DSCR
$3,526
Rent
-$1,579
Cashflow
Cash Flow
$3,526 income − $5,105 expenses = $1,579 out of pocket
Investment Breakdown
|
Purchase Price
$619k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,526
Total Expenses
$5,105
Mortgage P&I
99%
$3,484
Property Taxes
14%
$480
Home Insurance
6%
$224
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0