This property looks like a bad Long-Term investment with a projected -14.6% first-year return on $107k initial cash invested.
-14.6%
Cash On Cash
3.23%
Cap Rate
0.54
DSCR
$2,431
Rent
-$1,301
Cashflow
Cash Flow
$2,431 income − $3,732 expenses = $1,301 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,091
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,431
Total Expenses
$3,732
Mortgage P&I
105%
$2,550
Property Taxes
15%
$374
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0