This property looks like a bad Long-Term investment with a projected -11.48% first-year return on $108k initial cash invested.
-11.48%
Cash On Cash
4.29%
Cap Rate
0.69
DSCR
$3,763
Rent
-$1,033
Cashflow
Cash Flow
$3,763 income − $4,796 expenses = $1,033 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,143
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,763
Total Expenses
$4,796
Mortgage P&I
71%
$2,685
Property Taxes
25%
$949
Home Insurance
5%
$184
HOA
0%
$0
Property Management
10%
$376
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0