This property looks like a bad Long-Term investment with a projected -11.65% first-year return on $108k initial cash invested.
-11.65%
Cash On Cash
4.21%
Cap Rate
0.67
DSCR
$3,349
Rent
-$1,053
Cashflow
Cash Flow
$3,349 income − $4,402 expenses = $1,053 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,163
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,349
Total Expenses
$4,402
Mortgage P&I
81%
$2,696
Property Taxes
19%
$652
Home Insurance
5%
$184
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$167
Vacancy
6%
$201
Maintenance
5%
$167
Other
0%
$0