This property looks like a bad Long-Term investment with a projected -11.1% first-year return on $130k initial cash invested.
-11.1%
Cash On Cash
4.08%
Cap Rate
0.67
DSCR
$3,523
Rent
-$1,205
Cashflow
Cash Flow
$3,523 income − $4,728 expenses = $1,205 out of pocket
Investment Breakdown
|
Purchase Price
$621k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,205
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,523
Total Expenses
$4,728
Mortgage P&I
89%
$3,137
Property Taxes
13%
$452
Home Insurance
6%
$224
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0