This property looks like a bad Long-Term investment with a projected -15.25% first-year return on $107k initial cash invested.
-15.25%
Cash On Cash
3.66%
Cap Rate
0.56
DSCR
$3,159
Rent
-$1,362
Cashflow
Cash Flow
$3,159 income − $4,521 expenses = $1,362 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,103
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,159
Total Expenses
$4,521
Mortgage P&I
87%
$2,761
Property Taxes
24%
$763
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0