This property looks like a bad Long-Term investment with a projected -21.01% first-year return on $130k initial cash invested.
-21.01%
Cash On Cash
1.85%
Cap Rate
0.3
DSCR
$1,975
Rent
-$2,269
Cashflow
Cash Flow
$1,975 income − $4,244 expenses = $2,269 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$123k
Closing costs
1%
$6,170
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,975
Total Expenses
$4,244
Mortgage P&I
158%
$3,122
Property Taxes
20%
$389
Home Insurance
11%
$219
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0