This property looks like a bad Long-Term investment with a projected -21.2% first-year return on $130k initial cash invested.
-21.2%
Cash On Cash
1.79%
Cap Rate
0.3
DSCR
$2,180
Rent
-$2,294
Cashflow
Cash Flow
$2,180 income − $4,474 expenses = $2,294 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,184
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,180
Total Expenses
$4,474
Mortgage P&I
142%
$3,105
Property Taxes
27%
$582
Home Insurance
10%
$220
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0