This property looks like a bad Long-Term investment with a projected -19.98% first-year return on $108k initial cash invested.
-19.98%
Cash On Cash
2.62%
Cap Rate
0.4
DSCR
$2,424
Rent
-$1,804
Cashflow
Cash Flow
$2,424 income − $4,228 expenses = $1,804 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,160
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,424
Total Expenses
$4,228
Mortgage P&I
116%
$2,809
Property Taxes
25%
$603
Home Insurance
8%
$187
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0