This property looks like a bad Long-Term investment with a projected -18.11% first-year return on $107k initial cash invested.
-18.11%
Cash On Cash
2.93%
Cap Rate
0.45
DSCR
$2,240
Rent
-$1,609
Cashflow
Cash Flow
$2,240 income − $3,849 expenses = $1,609 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,077
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,240
Total Expenses
$3,849
Mortgage P&I
122%
$2,736
Property Taxes
16%
$348
Home Insurance
8%
$183
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0