This property looks like a bad Long-Term investment with a projected -15.01% first-year return on $107k initial cash invested.
-15.01%
Cash On Cash
3.97%
Cap Rate
0.59
DSCR
$2,990
Rent
-$1,339
Cashflow
Cash Flow
$2,990 income − $4,329 expenses = $1,339 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,099
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,990
Total Expenses
$4,329
Mortgage P&I
96%
$2,875
Property Taxes
17%
$498
Home Insurance
6%
$178
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$179
Maintenance
5%
$150
Other
0%
$0