This property looks like a bad Long-Term investment with a projected -14.53% first-year return on $108k initial cash invested.
-14.53%
Cash On Cash
3.85%
Cap Rate
0.58
DSCR
$2,731
Rent
-$1,312
Cashflow
Cash Flow
$2,731 income − $4,043 expenses = $1,312 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,161
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,731
Total Expenses
$4,043
Mortgage P&I
104%
$2,831
Property Taxes
10%
$261
Home Insurance
7%
$182
HOA
2%
$58
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0