This property looks like a bad Long-Term investment with a projected -13.35% first-year return on $130k initial cash invested.
-13.35%
Cash On Cash
4.08%
Cap Rate
0.62
DSCR
$3,617
Rent
-$1,444
Cashflow
Cash Flow
$3,617 income − $5,061 expenses = $1,444 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,181
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,617
Total Expenses
$5,061
Mortgage P&I
93%
$3,365
Property Taxes
14%
$495
Home Insurance
6%
$228
HOA
1%
$32
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0