This property looks like a bad Long-Term investment with a projected -15.3% first-year return on $108k initial cash invested.
-15.3%
Cash On Cash
3.69%
Cap Rate
0.56
DSCR
$2,490
Rent
-$1,376
Cashflow
Cash Flow
$2,490 income − $3,866 expenses = $1,376 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,138
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,490
Total Expenses
$3,866
Mortgage P&I
114%
$2,834
Property Taxes
8%
$206
Home Insurance
7%
$180
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0