This property looks like a bad Long-Term investment with a projected -17.35% first-year return on $107k initial cash invested.
-17.35%
Cash On Cash
3.15%
Cap Rate
0.48
DSCR
$2,524
Rent
-$1,543
Cashflow
Cash Flow
$2,524 income − $4,067 expenses = $1,543 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,083
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,524
Total Expenses
$4,067
Mortgage P&I
109%
$2,751
Property Taxes
19%
$486
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0