This property looks like a bad Long-Term investment with a projected -11.18% first-year return on $108k initial cash invested.
-11.18%
Cash On Cash
4.79%
Cap Rate
0.71
DSCR
$3,140
Rent
-$1,008
Cashflow
Cash Flow
$3,140 income − $4,148 expenses = $1,008 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,140
Total Expenses
$4,148
Mortgage P&I
93%
$2,908
Property Taxes
8%
$244
Home Insurance
6%
$180
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0