This property looks like a bad Long-Term investment with a projected -14.82% first-year return on $108k initial cash invested.
-14.82%
Cash On Cash
3.37%
Cap Rate
0.55
DSCR
$3,076
Rent
-$1,332
Cashflow
Cash Flow
$3,076 income − $4,408 expenses = $1,332 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,136
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,076
Total Expenses
$4,408
Mortgage P&I
85%
$2,622
Property Taxes
25%
$770
Home Insurance
6%
$198
HOA
1%
$17
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0