This property looks like a bad Long-Term investment with a projected -19.05% first-year return on $130k initial cash invested.
-19.05%
Cash On Cash
2.38%
Cap Rate
0.39
DSCR
$2,526
Rent
-$2,067
Cashflow
Cash Flow
$2,526 income − $4,593 expenses = $2,067 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%
$6,201
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,526
Total Expenses
$4,593
Mortgage P&I
125%
$3,169
Property Taxes
21%
$525
Home Insurance
10%
$242
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0