This property looks like a bad Long-Term investment with a projected -22.59% first-year return on $108k initial cash invested.
-22.59%
Cash On Cash
2.18%
Cap Rate
0.33
DSCR
$2,196
Rent
-$2,041
Cashflow
Cash Flow
$2,196 income − $4,237 expenses = $2,041 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,163
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,196
Total Expenses
$4,237
Mortgage P&I
131%
$2,867
Property Taxes
26%
$574
Home Insurance
10%
$224
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0