This property looks like a bad Long-Term investment with a projected -20.47% first-year return on $107k initial cash invested.
-20.47%
Cash On Cash
2.16%
Cap Rate
0.35
DSCR
$2,434
Rent
-$1,823
Cashflow
Cash Flow
$2,434 income − $4,257 expenses = $1,823 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,434
Total Expenses
$4,257
Mortgage P&I
108%
$2,619
Property Taxes
34%
$827
Home Insurance
7%
$178
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0