This property looks like a bad Long-Term investment with a projected -11.24% first-year return on $107k initial cash invested.
-11.24%
Cash On Cash
4.54%
Cap Rate
0.7
DSCR
$3,254
Rent
-$1,002
Cashflow
Cash Flow
$3,254 income − $4,256 expenses = $1,002 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,092
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,254
Total Expenses
$4,256
Mortgage P&I
85%
$2,766
Property Taxes
14%
$462
Home Insurance
6%
$182
HOA
0%
$0
Property Management
10%
$325
CapEx
5%
$163
Vacancy
6%
$195
Maintenance
5%
$163
Other
0%
$0