This property looks like a bad Long-Term investment with a projected -15.16% first-year return on $108k initial cash invested.
-15.16%
Cash On Cash
3.7%
Cap Rate
0.56
DSCR
$2,832
Rent
-$1,360
Cashflow
Cash Flow
$2,832 income − $4,192 expenses = $1,360 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,127
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,832
Total Expenses
$4,192
Mortgage P&I
99%
$2,797
Property Taxes
17%
$474
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0