This property looks like a bad Long-Term investment with a projected -11.3% first-year return on $108k initial cash invested.
-11.3%
Cash On Cash
4.61%
Cap Rate
0.69
DSCR
$2,877
Rent
-$1,014
Cashflow
Cash Flow
$2,877 income − $3,891 expenses = $1,014 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,128
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,877
Total Expenses
$3,891
Mortgage P&I
99%
$2,842
Property Taxes
4%
$106
Home Insurance
6%
$184
HOA
0%
$10
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0