This property looks like a bad Long-Term investment with a projected -13.31% first-year return on $108k initial cash invested.
-13.31%
Cash On Cash
4.11%
Cap Rate
0.63
DSCR
$3,280
Rent
-$1,201
Cashflow
Cash Flow
$3,280 income − $4,481 expenses = $1,201 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,158
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,280
Total Expenses
$4,481
Mortgage P&I
86%
$2,805
Property Taxes
20%
$640
Home Insurance
5%
$180
HOA
0%
$3
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0