This property looks like a bad Long-Term investment with a projected -12.3% first-year return on $109k initial cash invested.
-12.3%
Cash On Cash
4.44%
Cap Rate
0.67
DSCR
$3,586
Rent
-$1,116
Cashflow
Cash Flow
$3,586 income − $4,702 expenses = $1,116 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,183
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,586
Total Expenses
$4,702
Mortgage P&I
80%
$2,853
Property Taxes
20%
$731
Home Insurance
5%
$186
HOA
0%
$0
Property Management
10%
$359
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0