This property looks like a bad Long-Term investment with a projected -18.78% first-year return on $108k initial cash invested.
-18.78%
Cash On Cash
2.62%
Cap Rate
0.41
DSCR
$1,964
Rent
-$1,696
Cashflow
Cash Flow
$1,964 income − $3,660 expenses = $1,696 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,161
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,964
Total Expenses
$3,660
Mortgage P&I
139%
$2,723
Property Taxes
12%
$229
Home Insurance
9%
$175
HOA
1%
$23
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0