This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $107k initial cash invested.
-13.7%
Cash On Cash
4.19%
Cap Rate
0.62
DSCR
$3,069
Rent
-$1,226
Cashflow
Cash Flow
$3,069 income − $4,295 expenses = $1,226 out of pocket
Investment Breakdown
|
Purchase Price
$511k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,113
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,069
Total Expenses
$4,295
Mortgage P&I
93%
$2,860
Property Taxes
15%
$454
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0