This property looks like a bad Long-Term investment with a projected -15.49% first-year return on $130k initial cash invested.
-15.49%
Cash On Cash
3.16%
Cap Rate
0.52
DSCR
$3,169
Rent
-$1,673
Cashflow
Cash Flow
$3,169 income − $4,842 expenses = $1,673 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$123k
Closing costs
1%
$6,172
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,169
Total Expenses
$4,842
Mortgage P&I
99%
$3,140
Property Taxes
20%
$642
Home Insurance
7%
$231
HOA
0%
$6
Property Management
10%
$317
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0