This property looks like a bad Long-Term investment with a projected -12.94% first-year return on $109k initial cash invested.
-12.94%
Cash On Cash
4.27%
Cap Rate
0.64
DSCR
$2,922
Rent
-$1,172
Cashflow
Cash Flow
$2,922 income − $4,094 expenses = $1,172 out of pocket
Investment Breakdown
|
Purchase Price
$517k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$103k
Closing costs
1%
$5,174
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,922
Total Expenses
$4,094
Mortgage P&I
98%
$2,868
Property Taxes
10%
$284
Home Insurance
6%
$183
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0