This property looks like a bad Long-Term investment with a projected -15.67% first-year return on $108k initial cash invested.
-15.67%
Cash On Cash
3.67%
Cap Rate
0.56
DSCR
$3,499
Rent
-$1,410
Cashflow
Cash Flow
$3,499 income − $4,909 expenses = $1,410 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,142
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,499
Total Expenses
$4,909
Mortgage P&I
80%
$2,806
Property Taxes
29%
$1,018
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0