This property looks like a bad Long-Term investment with a projected -14.26% first-year return on $108k initial cash invested.
-14.26%
Cash On Cash
3.82%
Cap Rate
0.59
DSCR
$2,907
Rent
-$1,288
Cashflow
Cash Flow
$2,907 income − $4,195 expenses = $1,288 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,907
Total Expenses
$4,195
Mortgage P&I
96%
$2,788
Property Taxes
16%
$468
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0