This property looks like a bad Long-Term investment with a projected -18.44% first-year return on $108k initial cash invested.
-18.44%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$2,222
Rent
-$1,653
Cashflow
Cash Flow
$2,222 income − $3,875 expenses = $1,653 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$102k
Closing costs
1%
$5,122
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,222
Total Expenses
$3,875
Mortgage P&I
127%
$2,830
Property Taxes
13%
$284
Home Insurance
8%
$184
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0