This property looks like a bad Long-Term investment with a projected -24.14% first-year return on $107k initial cash invested.
-24.14%
Cash On Cash
1.6%
Cap Rate
0.25
DSCR
$1,884
Rent
-$2,145
Cashflow
Cash Flow
$1,884 income − $4,029 expenses = $2,145 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,078
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,884
Total Expenses
$4,029
Mortgage P&I
145%
$2,727
Property Taxes
33%
$631
Home Insurance
10%
$182
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0