This property looks like a bad Long-Term investment with a projected -14.18% first-year return on $130k initial cash invested.
-14.18%
Cash On Cash
3.91%
Cap Rate
0.6
DSCR
$3,515
Rent
-$1,536
Cashflow
Cash Flow
$3,515 income − $5,051 expenses = $1,536 out of pocket
Investment Breakdown
|
Purchase Price
$619k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,515
Total Expenses
$5,051
Mortgage P&I
96%
$3,375
Property Taxes
15%
$544
Home Insurance
6%
$217
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0