This property looks like a bad Long-Term investment with a projected -17.92% first-year return on $107k initial cash invested.
-17.92%
Cash On Cash
3.09%
Cap Rate
0.47
DSCR
$2,380
Rent
-$1,596
Cashflow
Cash Flow
$2,380 income − $3,976 expenses = $1,596 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,380
Total Expenses
$3,976
Mortgage P&I
117%
$2,788
Property Taxes
16%
$391
Home Insurance
7%
$178
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0