This property looks like a bad Long-Term investment with a projected -12.95% first-year return on $108k initial cash invested.
-12.95%
Cash On Cash
3.72%
Cap Rate
0.61
DSCR
$2,740
Rent
-$1,165
Cashflow
Cash Flow
$2,740 income − $3,905 expenses = $1,165 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,140
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,740
Total Expenses
$3,905
Mortgage P&I
96%
$2,620
Property Taxes
8%
$216
Home Insurance
8%
$219
HOA
5%
$138
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0