This property looks like a bad Long-Term investment with a projected -15.35% first-year return on $108k initial cash invested.
-15.35%
Cash On Cash
3.61%
Cap Rate
0.56
DSCR
$2,837
Rent
-$1,383
Cashflow
Cash Flow
$2,837 income − $4,220 expenses = $1,383 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,837
Total Expenses
$4,220
Mortgage P&I
98%
$2,789
Property Taxes
18%
$513
Home Insurance
6%
$180
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0