This property looks like a bad Long-Term investment with a projected -15.79% first-year return on $107k initial cash invested.
-15.79%
Cash On Cash
3.45%
Cap Rate
0.54
DSCR
$2,722
Rent
-$1,410
Cashflow
Cash Flow
$2,722 income − $4,132 expenses = $1,410 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,104
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,722
Total Expenses
$4,132
Mortgage P&I
101%
$2,743
Property Taxes
18%
$502
Home Insurance
7%
$180
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0