This property looks like a bad Long-Term investment with a projected -13.69% first-year return on $107k initial cash invested.
-13.69%
Cash On Cash
3.52%
Cap Rate
0.58
DSCR
$2,372
Rent
-$1,226
Cashflow
Cash Flow
$2,372 income − $3,598 expenses = $1,226 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,118
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,372
Total Expenses
$3,598
Mortgage P&I
110%
$2,609
Property Taxes
7%
$162
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0