This property looks like a bad Long-Term investment with a projected -25.22% first-year return on $130k initial cash invested.
-25.22%
Cash On Cash
1.29%
Cap Rate
0.2
DSCR
$1,330
Rent
-$2,736
Cashflow
Cash Flow
$1,330 income − $4,066 expenses = $2,736 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,330
Total Expenses
$4,066
Mortgage P&I
251%
$3,338
Property Taxes
12%
$156
Home Insurance
17%
$227
HOA
0%
$0
Property Management
10%
$133
CapEx
5%
$66
Vacancy
6%
$80
Maintenance
5%
$66
Other
0%
$0