This property looks like a bad Long-Term investment with a projected -16.78% first-year return on $130k initial cash invested.
-16.78%
Cash On Cash
3.42%
Cap Rate
0.52
DSCR
$3,335
Rent
-$1,821
Cashflow
Cash Flow
$3,335 income − $5,156 expenses = $1,821 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,201
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,335
Total Expenses
$5,156
Mortgage P&I
103%
$3,421
Property Taxes
18%
$594
Home Insurance
8%
$273
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0