This property looks like a bad Long-Term investment with a projected -6.32% first-year return on $108k initial cash invested.
-6.32%
Cash On Cash
5.43%
Cap Rate
0.86
DSCR
$3,767
Rent
-$571
Cashflow
Cash Flow
$3,767 income − $4,338 expenses = $571 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,162
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,767
Total Expenses
$4,338
Mortgage P&I
72%
$2,717
Property Taxes
12%
$467
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$377
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0