This property looks like a bad Long-Term investment with a projected -15.74% first-year return on $108k initial cash invested.
-15.74%
Cash On Cash
3.44%
Cap Rate
0.53
DSCR
$2,631
Rent
-$1,418
Cashflow
Cash Flow
$2,631 income − $4,049 expenses = $1,418 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,631
Total Expenses
$4,049
Mortgage P&I
105%
$2,764
Property Taxes
14%
$358
Home Insurance
7%
$186
HOA
2%
$56
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0