This property looks like a bad Long-Term investment with a projected -16.7% first-year return on $130k initial cash invested.
-16.7%
Cash On Cash
3.4%
Cap Rate
0.51
DSCR
$2,887
Rent
-$1,808
Cashflow
Cash Flow
$2,887 income − $4,695 expenses = $1,808 out of pocket
Investment Breakdown
|
Purchase Price
$619k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,185
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,887
Total Expenses
$4,695
Mortgage P&I
118%
$3,417
Property Taxes
6%
$170
Home Insurance
7%
$216
HOA
5%
$142
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0