This property looks like a bad Long-Term investment with a projected -19.21% first-year return on $107k initial cash invested.
-19.21%
Cash On Cash
3.01%
Cap Rate
0.44
DSCR
$2,131
Rent
-$1,720
Cashflow
Cash Flow
$2,131 income − $3,851 expenses = $1,720 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,116
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,131
Total Expenses
$3,851
Mortgage P&I
136%
$2,897
Property Taxes
10%
$218
Home Insurance
8%
$181
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0