This property looks like a bad Long-Term investment with a projected -11.94% first-year return on $107k initial cash invested.
-11.94%
Cash On Cash
4.24%
Cap Rate
0.67
DSCR
$3,289
Rent
-$1,068
Cashflow
Cash Flow
$3,289 income − $4,357 expenses = $1,068 out of pocket
Investment Breakdown
|
Purchase Price
$511k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,113
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,289
Total Expenses
$4,357
Mortgage P&I
82%
$2,711
Property Taxes
19%
$612
Home Insurance
5%
$180
HOA
0%
$0
Property Management
10%
$329
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0