This property looks like a bad Long-Term investment with a projected -14.85% first-year return on $130k initial cash invested.
-14.85%
Cash On Cash
3.81%
Cap Rate
0.57
DSCR
$3,063
Rent
-$1,603
Cashflow
Cash Flow
$3,063 income − $4,666 expenses = $1,603 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$123k
Closing costs
1%
$6,170
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,063
Total Expenses
$4,666
Mortgage P&I
111%
$3,409
Property Taxes
6%
$180
Home Insurance
7%
$216
HOA
2%
$65
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0