This property looks like a bad Long-Term investment with a projected -16.92% first-year return on $130k initial cash invested.
-16.92%
Cash On Cash
2.84%
Cap Rate
0.47
DSCR
$3,119
Rent
-$1,829
Cashflow
Cash Flow
$3,119 income − $4,948 expenses = $1,829 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,176
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,119
Total Expenses
$4,948
Mortgage P&I
101%
$3,136
Property Taxes
25%
$781
Home Insurance
7%
$220
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0