This property looks like a bad Long-Term investment with a projected -15.4% first-year return on $108k initial cash invested.
-15.4%
Cash On Cash
3.49%
Cap Rate
0.54
DSCR
$2,451
Rent
-$1,388
Cashflow
Cash Flow
$2,451 income − $3,839 expenses = $1,388 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%
$5,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,451
Total Expenses
$3,839
Mortgage P&I
113%
$2,762
Property Taxes
11%
$259
Home Insurance
7%
$180
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0