This property looks like a bad Long-Term investment with a projected -22.03% first-year return on $108k initial cash invested.
-22.03%
Cash On Cash
2.23%
Cap Rate
0.33
DSCR
$1,445
Rent
-$1,974
Cashflow
Cash Flow
$1,445 income − $3,419 expenses = $1,974 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$102k
Closing costs
1%
$5,120
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,445
Total Expenses
$3,419
Mortgage P&I
198%
$2,855
Property Taxes
1%
$10
Home Insurance
12%
$179
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0