This property looks like a bad Long-Term investment with a projected -19.38% first-year return on $130k initial cash invested.
-19.38%
Cash On Cash
2.77%
Cap Rate
0.42
DSCR
$2,745
Rent
-$2,097
Cashflow
Cash Flow
$2,745 income − $4,842 expenses = $2,097 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,182
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,745
Total Expenses
$4,842
Mortgage P&I
123%
$3,388
Property Taxes
19%
$512
Home Insurance
8%
$224
HOA
0%
$5
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0