This property looks like a bad Long-Term investment with a projected -13.17% first-year return on $108k initial cash invested.
-13.17%
Cash On Cash
3.75%
Cap Rate
0.61
DSCR
$2,720
Rent
-$1,183
Cashflow
Cash Flow
$2,720 income − $3,903 expenses = $1,183 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,134
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,720
Total Expenses
$3,903
Mortgage P&I
98%
$2,652
Property Taxes
13%
$360
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0