This property looks like a bad Long-Term investment with a projected -9.17% first-year return on $108k initial cash invested.
-9.17%
Cash On Cash
5.11%
Cap Rate
0.77
DSCR
$3,491
Rent
-$826
Cashflow
Cash Flow
$3,491 income − $4,317 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,491
Total Expenses
$4,317
Mortgage P&I
81%
$2,842
Property Taxes
11%
$387
Home Insurance
5%
$180
HOA
0%
$0
Property Management
10%
$349
CapEx
5%
$175
Vacancy
6%
$209
Maintenance
5%
$175
Other
0%
$0