This property looks like a bad Long-Term investment with a projected -6.8% first-year return on $108k initial cash invested.
-6.8%
Cash On Cash
5.17%
Cap Rate
0.83
DSCR
$3,077
Rent
-$613
Cashflow
Cash Flow
$3,077 income − $3,690 expenses = $613 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,154
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,077
Total Expenses
$3,690
Mortgage P&I
87%
$2,681
Property Taxes
0%
$5
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0