This property looks like a bad Long-Term investment with a projected -22.71% first-year return on $130k initial cash invested.
-22.71%
Cash On Cash
2.07%
Cap Rate
0.31
DSCR
$1,959
Rent
-$2,464
Cashflow
Cash Flow
$1,959 income − $4,423 expenses = $2,464 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%
$6,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,959
Total Expenses
$4,423
Mortgage P&I
175%
$3,436
Property Taxes
13%
$260
Home Insurance
11%
$217
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0