This property looks like a bad Long-Term investment with a projected -18.11% first-year return on $108k initial cash invested.
-18.11%
Cash On Cash
3.08%
Cap Rate
0.47
DSCR
$2,554
Rent
-$1,627
Cashflow
Cash Flow
$2,554 income − $4,181 expenses = $1,627 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%
$5,134
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,554
Total Expenses
$4,181
Mortgage P&I
110%
$2,818
Property Taxes
20%
$519
Home Insurance
7%
$180
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0