This property looks like a bad Long-Term investment with a projected -11.08% first-year return on $130k initial cash invested.
-11.08%
Cash On Cash
4.6%
Cap Rate
0.71
DSCR
$4,319
Rent
-$1,199
Cashflow
Cash Flow
$4,319 income − $5,518 expenses = $1,199 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,319
Total Expenses
$5,518
Mortgage P&I
78%
$3,351
Property Taxes
17%
$747
Home Insurance
5%
$224
HOA
2%
$73
Property Management
10%
$432
CapEx
5%
$216
Vacancy
6%
$259
Maintenance
5%
$216
Other
0%
$0