This property looks like a bad Long-Term investment with a projected -13.68% first-year return on $130k initial cash invested.
-13.68%
Cash On Cash
3.61%
Cap Rate
0.59
DSCR
$3,685
Rent
-$1,479
Cashflow
Cash Flow
$3,685 income − $5,164 expenses = $1,479 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,180
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,685
Total Expenses
$5,164
Mortgage P&I
86%
$3,153
Property Taxes
23%
$835
Home Insurance
6%
$219
HOA
0%
$0
Property Management
10%
$368
CapEx
5%
$184
Vacancy
6%
$221
Maintenance
5%
$184
Other
0%
$0