This property looks like a bad Long-Term investment with a projected -17.23% first-year return on $130k initial cash invested.
-17.23%
Cash On Cash
3.2%
Cap Rate
0.49
DSCR
$3,088
Rent
-$1,862
Cashflow
Cash Flow
$3,088 income − $4,950 expenses = $1,862 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,177
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,088
Total Expenses
$4,950
Mortgage P&I
109%
$3,354
Property Taxes
19%
$579
Home Insurance
7%
$215
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0