This property looks like a bad Long-Term investment with a projected -22.03% first-year return on $130k initial cash invested.
-22.03%
Cash On Cash
1.98%
Cap Rate
0.31
DSCR
$2,741
Rent
-$2,382
Cashflow
Cash Flow
$2,741 income − $5,123 expenses = $2,382 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,179
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,741
Total Expenses
$5,123
Mortgage P&I
119%
$3,262
Property Taxes
21%
$583
Home Insurance
8%
$219
HOA
13%
$347
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0