This property looks like a bad Long-Term investment with a projected -21.42% first-year return on $107k initial cash invested.
-21.42%
Cash On Cash
2.3%
Cap Rate
0.35
DSCR
$1,954
Rent
-$1,918
Cashflow
Cash Flow
$1,954 income − $3,872 expenses = $1,918 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,117
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,954
Total Expenses
$3,872
Mortgage P&I
143%
$2,802
Property Taxes
19%
$380
Home Insurance
9%
$182
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0