This property looks like a bad Long-Term investment with a projected -19.73% first-year return on $108k initial cash invested.
-19.73%
Cash On Cash
2.61%
Cap Rate
0.4
DSCR
$2,078
Rent
-$1,774
Cashflow
Cash Flow
$2,078 income − $3,852 expenses = $1,774 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,138
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,078
Total Expenses
$3,852
Mortgage P&I
134%
$2,788
Property Taxes
16%
$339
Home Insurance
9%
$184
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0