This property looks like a bad Long-Term investment with a projected -18.89% first-year return on $108k initial cash invested.
-18.89%
Cash On Cash
2.81%
Cap Rate
0.43
DSCR
$2,308
Rent
-$1,694
Cashflow
Cash Flow
$2,308 income − $4,002 expenses = $1,694 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,125
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,308
Total Expenses
$4,002
Mortgage P&I
120%
$2,781
Property Taxes
18%
$422
Home Insurance
8%
$180
HOA
1%
$20
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0