This property looks like a bad Long-Term investment with a projected -15.44% first-year return on $108k initial cash invested.
-15.44%
Cash On Cash
3.45%
Cap Rate
0.54
DSCR
$2,385
Rent
-$1,393
Cashflow
Cash Flow
$2,385 income − $3,778 expenses = $1,393 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,156
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,385
Total Expenses
$3,778
Mortgage P&I
116%
$2,755
Property Taxes
9%
$219
Home Insurance
8%
$185
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0