This property looks like a bad Long-Term investment with a projected -12.26% first-year return on $108k initial cash invested.
-12.26%
Cash On Cash
4.28%
Cap Rate
0.66
DSCR
$3,364
Rent
-$1,106
Cashflow
Cash Flow
$3,364 income − $4,470 expenses = $1,106 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,154
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,364
Total Expenses
$4,470
Mortgage P&I
83%
$2,778
Property Taxes
19%
$636
Home Insurance
5%
$182
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0