This property looks like a bad Long-Term investment with a projected -12.84% first-year return on $107k initial cash invested.
-12.84%
Cash On Cash
4.2%
Cap Rate
0.64
DSCR
$3,118
Rent
-$1,150
Cashflow
Cash Flow
$3,118 income − $4,268 expenses = $1,150 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,119
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,118
Total Expenses
$4,268
Mortgage P&I
89%
$2,787
Property Taxes
16%
$490
Home Insurance
6%
$180
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0