This property looks like a bad Long-Term investment with a projected -17.89% first-year return on $107k initial cash invested.
-17.89%
Cash On Cash
3.38%
Cap Rate
0.49
DSCR
$2,530
Rent
-$1,596
Cashflow
Cash Flow
$2,530 income − $4,126 expenses = $1,596 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,099
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,530
Total Expenses
$4,126
Mortgage P&I
115%
$2,906
Property Taxes
15%
$385
Home Insurance
7%
$178
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0