This property looks like a bad Long-Term investment with a projected -12.53% first-year return on $107k initial cash invested.
-12.53%
Cash On Cash
4.13%
Cap Rate
0.65
DSCR
$3,417
Rent
-$1,119
Cashflow
Cash Flow
$3,417 income − $4,536 expenses = $1,119 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,102
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,417
Total Expenses
$4,536
Mortgage P&I
79%
$2,705
Property Taxes
22%
$758
Home Insurance
5%
$184
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0