This property looks like a bad Long-Term investment with a projected -17.2% first-year return on $107k initial cash invested.
-17.2%
Cash On Cash
3.32%
Cap Rate
0.5
DSCR
$2,558
Rent
-$1,528
Cashflow
Cash Flow
$2,558 income − $4,086 expenses = $1,528 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,077
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,558
Total Expenses
$4,086
Mortgage P&I
110%
$2,805
Property Taxes
17%
$432
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0