This property looks like a bad Long-Term investment with a projected -15.7% first-year return on $108k initial cash invested.
-15.7%
Cash On Cash
3.5%
Cap Rate
0.54
DSCR
$2,763
Rent
-$1,419
Cashflow
Cash Flow
$2,763 income − $4,182 expenses = $1,419 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,164
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,763
Total Expenses
$4,182
Mortgage P&I
101%
$2,786
Property Taxes
18%
$486
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0