This property looks like a bad Long-Term investment with a projected -16.63% first-year return on $108k initial cash invested.
-16.63%
Cash On Cash
3.52%
Cap Rate
0.53
DSCR
$2,841
Rent
-$1,501
Cashflow
Cash Flow
$2,841 income − $4,342 expenses = $1,501 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,157
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,841
Total Expenses
$4,342
Mortgage P&I
101%
$2,870
Property Taxes
19%
$550
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0