This property looks like a bad Long-Term investment with a projected -18.44% first-year return on $130k initial cash invested.
-18.44%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$3,446
Rent
-$2,002
Cashflow
Cash Flow
$3,446 income − $5,448 expenses = $2,002 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,204
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,446
Total Expenses
$5,448
Mortgage P&I
98%
$3,393
Property Taxes
28%
$958
Home Insurance
6%
$201
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0