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
4%
Cap Rate
0.62
DSCR
$3,171
Rent
-$1,195
Cashflow
Cash Flow
$3,171 income − $4,366 expenses = $1,195 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
$3,171
Total Expenses
$4,366
Mortgage P&I
87%
$2,745
Property Taxes
19%
$614
Home Insurance
6%
$182
HOA
0%
$0
Property Management
10%
$317
CapEx
5%
$159
Vacancy
6%
$190
Maintenance
5%
$159
Other
0%
$0