This property looks like a bad Long-Term investment with a projected -15.66% first-year return on $108k initial cash invested.
-15.66%
Cash On Cash
3.24%
Cap Rate
0.52
DSCR
$2,127
Rent
-$1,410
Cashflow
Cash Flow
$2,127 income − $3,537 expenses = $1,410 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,144
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,127
Total Expenses
$3,537
Mortgage P&I
127%
$2,691
Property Taxes
5%
$111
Home Insurance
9%
$182
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0