This property looks like a bad Long-Term investment with a projected -16.41% first-year return on $130k initial cash invested.
-16.41%
Cash On Cash
2.9%
Cap Rate
0.47
DSCR
$2,349
Rent
-$1,778
Cashflow
Cash Flow
$2,349 income − $4,127 expenses = $1,778 out of pocket
Investment Breakdown
|
Purchase Price
$619k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,349
Total Expenses
$4,127
Mortgage P&I
134%
$3,158
Property Taxes
6%
$142
Home Insurance
9%
$217
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0