This property looks like a bad Long-Term investment with a projected -18.71% first-year return on $130k initial cash invested.
-18.71%
Cash On Cash
2.65%
Cap Rate
0.42
DSCR
$2,263
Rent
-$2,030
Cashflow
Cash Flow
$2,263 income − $4,293 expenses = $2,030 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,263
Total Expenses
$4,293
Mortgage P&I
145%
$3,288
Property Taxes
9%
$200
Home Insurance
10%
$217
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0