This property looks like a bad Long-Term investment with a projected -13.59% first-year return on $108k initial cash invested.
-13.59%
Cash On Cash
4.17%
Cap Rate
0.63
DSCR
$3,036
Rent
-$1,222
Cashflow
Cash Flow
$3,036 income − $4,258 expenses = $1,222 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,137
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,036
Total Expenses
$4,258
Mortgage P&I
94%
$2,856
Property Taxes
13%
$399
Home Insurance
6%
$180
HOA
1%
$33
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0