This property looks like a bad Long-Term investment with a projected -11.14% first-year return on $130k initial cash invested.
-11.14%
Cash On Cash
4.69%
Cap Rate
0.71
DSCR
$4,020
Rent
-$1,207
Cashflow
Cash Flow
$4,020 income − $5,227 expenses = $1,207 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%
$6,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,020
Total Expenses
$5,227
Mortgage P&I
85%
$3,423
Property Taxes
13%
$542
Home Insurance
5%
$217
HOA
0%
$0
Property Management
10%
$402
CapEx
5%
$201
Vacancy
6%
$241
Maintenance
5%
$201
Other
0%
$0