This property looks like a bad Long-Term investment with a projected -22.62% first-year return on $107k initial cash invested.
-22.62%
Cash On Cash
2.16%
Cap Rate
0.32
DSCR
$2,199
Rent
-$2,014
Cashflow
Cash Flow
$2,199 income − $4,213 expenses = $2,014 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,087
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,199
Total Expenses
$4,213
Mortgage P&I
128%
$2,819
Property Taxes
29%
$638
Home Insurance
8%
$184
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0