This property looks like a bad Long-Term investment with a projected -11.8% first-year return on $109k initial cash invested.
-11.8%
Cash On Cash
4.27%
Cap Rate
0.67
DSCR
$2,881
Rent
-$1,069
Cashflow
Cash Flow
$2,881 income − $3,950 expenses = $1,069 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,176
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,881
Total Expenses
$3,950
Mortgage P&I
96%
$2,768
Property Taxes
8%
$220
Home Insurance
6%
$184
HOA
1%
$29
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0