This property looks like a bad Long-Term investment with a projected -12.12% first-year return on $107k initial cash invested.
-12.12%
Cash On Cash
4.24%
Cap Rate
0.66
DSCR
$3,440
Rent
-$1,083
Cashflow
Cash Flow
$3,440 income − $4,523 expenses = $1,083 out of pocket
Investment Breakdown
|
Purchase Price
$511k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,105
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,440
Total Expenses
$4,523
Mortgage P&I
79%
$2,715
Property Taxes
21%
$730
Home Insurance
5%
$184
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0