This property looks like a bad Long-Term investment with a projected -20.56% first-year return on $108k initial cash invested.
-20.56%
Cash On Cash
2.46%
Cap Rate
0.38
DSCR
$2,476
Rent
-$1,846
Cashflow
Cash Flow
$2,476 income − $4,322 expenses = $1,846 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%
$5,131
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,476
Total Expenses
$4,322
Mortgage P&I
112%
$2,772
Property Taxes
13%
$323
Home Insurance
7%
$182
HOA
16%
$400
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0