This property looks like a bad Long-Term investment with a projected -12.89% first-year return on $130k initial cash invested.
-12.89%
Cash On Cash
3.8%
Cap Rate
0.62
DSCR
$4,128
Rent
-$1,398
Cashflow
Cash Flow
$4,128 income − $5,526 expenses = $1,398 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%
$6,196
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,128
Total Expenses
$5,526
Mortgage P&I
76%
$3,152
Property Taxes
24%
$970
Home Insurance
8%
$331
HOA
0%
$0
Property Management
10%
$413
CapEx
5%
$206
Vacancy
6%
$248
Maintenance
5%
$206
Other
0%
$0