This property looks like a bad Long-Term investment with a projected -13.3% first-year return on $108k initial cash invested.
-13.3%
Cash On Cash
3.65%
Cap Rate
0.6
DSCR
$3,154
Rent
-$1,201
Cashflow
Cash Flow
$3,154 income − $4,355 expenses = $1,201 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,159
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,154
Total Expenses
$4,355
Mortgage P&I
83%
$2,614
Property Taxes
23%
$730
Home Insurance
5%
$162
HOA
1%
$29
Property Management
10%
$315
CapEx
5%
$158
Vacancy
6%
$189
Maintenance
5%
$158
Other
0%
$0