This property looks like a bad Long-Term investment with a projected -19.03% first-year return on $107k initial cash invested.
-19.03%
Cash On Cash
2.83%
Cap Rate
0.43
DSCR
$2,024
Rent
-$1,698
Cashflow
Cash Flow
$2,024 income − $3,722 expenses = $1,698 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,024
Total Expenses
$3,722
Mortgage P&I
138%
$2,799
Property Taxes
11%
$220
Home Insurance
9%
$178
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0