This property looks like a bad Long-Term investment with a projected -18.08% first-year return on $107k initial cash invested.
-18.08%
Cash On Cash
3.11%
Cap Rate
0.47
DSCR
$2,775
Rent
-$1,616
Cashflow
Cash Flow
$2,775 income − $4,391 expenses = $1,616 out of pocket
Investment Breakdown
|
Purchase Price
$511k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,107
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,775
Total Expenses
$4,391
Mortgage P&I
101%
$2,800
Property Taxes
18%
$497
Home Insurance
6%
$178
HOA
7%
$194
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$166
Maintenance
5%
$139
Other
0%
$0