This property looks like a bad Long-Term investment with a projected -15.01% first-year return on $108k initial cash invested.
-15.01%
Cash On Cash
3.59%
Cap Rate
0.56
DSCR
$2,749
Rent
-$1,351
Cashflow
Cash Flow
$2,749 income − $4,100 expenses = $1,351 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,142
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,749
Total Expenses
$4,100
Mortgage P&I
100%
$2,752
Property Taxes
16%
$452
Home Insurance
7%
$182
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0