This property looks like a bad Long-Term investment with a projected -5.64% first-year return on $108k initial cash invested.
-5.64%
Cash On Cash
5.43%
Cap Rate
0.88
DSCR
$3,946
Rent
-$508
Cashflow
Cash Flow
$3,946 income − $4,454 expenses = $508 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,946
Total Expenses
$4,454
Mortgage P&I
67%
$2,642
Property Taxes
15%
$611
Home Insurance
4%
$175
HOA
0%
$0
Property Management
10%
$395
CapEx
5%
$197
Vacancy
6%
$237
Maintenance
5%
$197
Other
0%
$0