This property looks like a bad Long-Term investment with a projected -9.11% first-year return on $108k initial cash invested.
-9.11%
Cash On Cash
4.87%
Cap Rate
0.76
DSCR
$3,400
Rent
-$818
Cashflow
Cash Flow
$3,400 income − $4,218 expenses = $818 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,133
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,400
Total Expenses
$4,218
Mortgage P&I
80%
$2,731
Property Taxes
11%
$383
Home Insurance
6%
$220
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0