This property looks like a bad Long-Term investment with a projected -18.24% first-year return on $107k initial cash invested.
-18.24%
Cash On Cash
2.95%
Cap Rate
0.45
DSCR
$2,066
Rent
-$1,628
Cashflow
Cash Flow
$2,066 income − $3,694 expenses = $1,628 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,066
Total Expenses
$3,694
Mortgage P&I
134%
$2,778
Property Taxes
10%
$201
Home Insurance
9%
$178
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0