This property looks like a bad Long-Term investment with a projected -12.93% first-year return on $108k initial cash invested.
-12.93%
Cash On Cash
3.73%
Cap Rate
0.61
DSCR
$2,575
Rent
-$1,165
Cashflow
Cash Flow
$2,575 income − $3,740 expenses = $1,165 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,575
Total Expenses
$3,740
Mortgage P&I
102%
$2,637
Property Taxes
10%
$253
Home Insurance
7%
$180
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$154
Maintenance
5%
$129
Other
0%
$0