This property looks like a bad Long-Term investment with a projected -17.13% first-year return on $108k initial cash invested.
-17.13%
Cash On Cash
3.36%
Cap Rate
0.5
DSCR
$2,230
Rent
-$1,544
Cashflow
Cash Flow
$2,230 income − $3,774 expenses = $1,544 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,230
Total Expenses
$3,774
Mortgage P&I
129%
$2,873
Property Taxes
6%
$140
Home Insurance
8%
$180
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0