This property looks like a bad Long-Term investment with a projected -21.72% first-year return on $108k initial cash invested.
-21.72%
Cash On Cash
2.15%
Cap Rate
0.34
DSCR
$2,735
Rent
-$1,950
Cashflow
Cash Flow
$2,735 income − $4,685 expenses = $1,950 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,130
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,735
Total Expenses
$4,685
Mortgage P&I
100%
$2,730
Property Taxes
38%
$1,038
Home Insurance
8%
$205
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0