This property looks like a bad Long-Term investment with a projected -14.77% first-year return on $108k initial cash invested.
-14.77%
Cash On Cash
3.79%
Cap Rate
0.58
DSCR
$3,180
Rent
-$1,330
Cashflow
Cash Flow
$3,180 income − $4,510 expenses = $1,330 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,145
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,180
Total Expenses
$4,510
Mortgage P&I
88%
$2,797
Property Taxes
22%
$697
Home Insurance
6%
$189
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0