This property looks like a bad Long-Term investment with a projected -12.41% first-year return on $108k initial cash invested.
-12.41%
Cash On Cash
4.25%
Cap Rate
0.66
DSCR
$3,210
Rent
-$1,120
Cashflow
Cash Flow
$3,210 income − $4,330 expenses = $1,120 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,158
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,210
Total Expenses
$4,330
Mortgage P&I
87%
$2,788
Property Taxes
16%
$516
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$193
Maintenance
5%
$160
Other
0%
$0