This property looks like a bad Long-Term investment with a projected -11.71% first-year return on $107k initial cash invested.
-11.71%
Cash On Cash
4.52%
Cap Rate
0.68
DSCR
$2,760
Rent
-$1,045
Cashflow
Cash Flow
$2,760 income − $3,805 expenses = $1,045 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,099
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,760
Total Expenses
$3,805
Mortgage P&I
102%
$2,829
Property Taxes
3%
$80
Home Insurance
6%
$178
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0