This property looks like a bad Long-Term investment with a projected -21.55% first-year return on $107k initial cash invested.
-21.55%
Cash On Cash
2.47%
Cap Rate
0.37
DSCR
$2,121
Rent
-$1,919
Cashflow
Cash Flow
$2,121 income − $4,040 expenses = $1,919 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,089
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,121
Total Expenses
$4,040
Mortgage P&I
135%
$2,862
Property Taxes
17%
$360
Home Insurance
9%
$184
HOA
4%
$83
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0