This property looks like a bad Long-Term investment with a projected -16.29% first-year return on $108k initial cash invested.
-16.29%
Cash On Cash
3.57%
Cap Rate
0.54
DSCR
$2,895
Rent
-$1,462
Cashflow
Cash Flow
$2,895 income − $4,357 expenses = $1,462 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,127
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,895
Total Expenses
$4,357
Mortgage P&I
98%
$2,844
Property Taxes
20%
$575
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0