This property looks like a bad Long-Term investment with a projected -18.04% first-year return on $107k initial cash invested.
-18.04%
Cash On Cash
3.19%
Cap Rate
0.47
DSCR
$2,206
Rent
-$1,606
Cashflow
Cash Flow
$2,206 income − $3,812 expenses = $1,606 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,206
Total Expenses
$3,812
Mortgage P&I
129%
$2,848
Property Taxes
9%
$203
Home Insurance
9%
$188
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0