This property looks like a bad Long-Term investment with a projected -8.46% first-year return on $108k initial cash invested.
-8.46%
Cash On Cash
4.73%
Cap Rate
0.77
DSCR
$3,088
Rent
-$761
Cashflow
Cash Flow
$3,088 income − $3,849 expenses = $761 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%
$5,140
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,088
Total Expenses
$3,849
Mortgage P&I
85%
$2,633
Property Taxes
8%
$234
Home Insurance
6%
$180
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0