This property looks like a bad Long-Term investment with a projected -11.51% first-year return on $108k initial cash invested.
-11.51%
Cash On Cash
4.05%
Cap Rate
0.66
DSCR
$2,913
Rent
-$1,031
Cashflow
Cash Flow
$2,913 income − $3,944 expenses = $1,031 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$102k
Closing costs
1%
$5,120
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,913
Total Expenses
$3,944
Mortgage P&I
90%
$2,612
Property Taxes
13%
$374
Home Insurance
6%
$184
HOA
1%
$16
Property Management
10%
$291
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0