This property looks like a bad Long-Term investment with a projected -12.19% first-year return on $109k initial cash invested.
-12.19%
Cash On Cash
4.33%
Cap Rate
0.66
DSCR
$2,871
Rent
-$1,103
Cashflow
Cash Flow
$2,871 income − $3,974 expenses = $1,103 out of pocket
Investment Breakdown
|
Purchase Price
$517k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$103k
Closing costs
1%
$5,172
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,871
Total Expenses
$3,974
Mortgage P&I
98%
$2,827
Property Taxes
6%
$180
Home Insurance
7%
$201
HOA
1%
$19
Property Management
10%
$287
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0