This property looks like a bad Long-Term investment with a projected -7.4% first-year return on $130k initial cash invested.
-7.4%
Cash On Cash
4.95%
Cap Rate
0.81
DSCR
$4,167
Rent
-$803
Cashflow
Cash Flow
$4,167 income − $4,970 expenses = $803 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,167
Total Expenses
$4,970
Mortgage P&I
76%
$3,154
Property Taxes
12%
$516
Home Insurance
5%
$217
HOA
0%
$0
Property Management
10%
$417
CapEx
5%
$208
Vacancy
6%
$250
Maintenance
5%
$208
Other
0%
$0