This property looks like a bad Long-Term investment with a projected -14.84% first-year return on $130k initial cash invested.
-14.84%
Cash On Cash
3.86%
Cap Rate
0.58
DSCR
$3,488
Rent
-$1,610
Cashflow
Cash Flow
$3,488 income − $5,098 expenses = $1,610 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%
$6,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,488
Total Expenses
$5,098
Mortgage P&I
98%
$3,428
Property Taxes
16%
$547
Home Insurance
6%
$217
HOA
0%
$0
Property Management
10%
$349
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0