This property looks like a bad Long-Term investment with a projected -22.1% first-year return on $108k initial cash invested.
-22.1%
Cash On Cash
2.15%
Cap Rate
0.33
DSCR
$2,076
Rent
-$1,984
Cashflow
Cash Flow
$2,076 income − $4,060 expenses = $1,984 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,130
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,076
Total Expenses
$4,060
Mortgage P&I
135%
$2,800
Property Taxes
26%
$534
Home Insurance
9%
$185
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0