This property looks like a bad Long-Term investment with a projected -1.18% first-year return on $107k initial cash invested.
-1.18%
Cash On Cash
6.55%
Cap Rate
1.04
DSCR
$4,316
Rent
-$105
Cashflow
Cash Flow
$4,316 income − $4,421 expenses = $105 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,099
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,316
Total Expenses
$4,421
Mortgage P&I
62%
$2,671
Property Taxes
9%
$408
Home Insurance
4%
$178
HOA
1%
$41
Property Management
10%
$432
CapEx
5%
$216
Vacancy
6%
$259
Maintenance
5%
$216
Other
0%
$0