This property looks like a bad Long-Term investment with a projected -12.03% first-year return on $108k initial cash invested.
-12.03%
Cash On Cash
3.89%
Cap Rate
0.64
DSCR
$2,626
Rent
-$1,087
Cashflow
Cash Flow
$2,626 income − $3,713 expenses = $1,087 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,164
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,626
Total Expenses
$3,713
Mortgage P&I
100%
$2,632
Property Taxes
7%
$195
Home Insurance
7%
$182
HOA
1%
$21
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0