This property looks like a bad Long-Term investment with a projected -15.01% first-year return on $108k initial cash invested.
-15.01%
Cash On Cash
3.67%
Cap Rate
0.56
DSCR
$2,785
Rent
-$1,350
Cashflow
Cash Flow
$2,785 income − $4,135 expenses = $1,350 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,140
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,785
Total Expenses
$4,135
Mortgage P&I
100%
$2,781
Property Taxes
15%
$425
Home Insurance
6%
$180
HOA
1%
$26
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0