This property looks like a bad Long-Term investment with a projected -12.45% first-year return on $108k initial cash invested.
-12.45%
Cash On Cash
3.84%
Cap Rate
0.62
DSCR
$2,648
Rent
-$1,121
Cashflow
Cash Flow
$2,648 income − $3,769 expenses = $1,121 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%
$5,144
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,648
Total Expenses
$3,769
Mortgage P&I
99%
$2,634
Property Taxes
9%
$238
Home Insurance
7%
$184
HOA
1%
$25
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0