This property looks like a bad Long-Term investment with a projected -15.28% first-year return on $108k initial cash invested.
-15.28%
Cash On Cash
3.72%
Cap Rate
0.56
DSCR
$2,963
Rent
-$1,375
Cashflow
Cash Flow
$2,963 income − $4,338 expenses = $1,375 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,142
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,963
Total Expenses
$4,338
Mortgage P&I
95%
$2,819
Property Taxes
20%
$578
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0