This property looks like a bad Long-Term investment with a projected -18.64% first-year return on $108k initial cash invested.
-18.64%
Cash On Cash
3.04%
Cap Rate
0.45
DSCR
$2,131
Rent
-$1,680
Cashflow
Cash Flow
$2,131 income − $3,811 expenses = $1,680 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,131
Total Expenses
$3,811
Mortgage P&I
135%
$2,876
Property Taxes
9%
$200
Home Insurance
8%
$180
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0