This property looks like a bad Long-Term investment with a projected -22.74% first-year return on $107k initial cash invested.
-22.74%
Cash On Cash
2.08%
Cap Rate
0.31
DSCR
$1,495
Rent
-$2,024
Cashflow
Cash Flow
$1,495 income − $3,519 expenses = $2,024 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,086
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,495
Total Expenses
$3,519
Mortgage P&I
189%
$2,830
Property Taxes
8%
$115
Home Insurance
12%
$184
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0