This property looks like a bad Long-Term investment with a projected -18.75% first-year return on $130k initial cash invested.
-18.75%
Cash On Cash
2.78%
Cap Rate
0.43
DSCR
$2,671
Rent
-$2,034
Cashflow
Cash Flow
$2,671 income − $4,705 expenses = $2,034 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%
$6,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,671
Total Expenses
$4,705
Mortgage P&I
125%
$3,337
Property Taxes
17%
$456
Home Insurance
8%
$217
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0