This property looks like a bad Long-Term investment with a projected -16.36% first-year return on $108k initial cash invested.
-16.36%
Cash On Cash
3.23%
Cap Rate
0.51
DSCR
$2,492
Rent
-$1,479
Cashflow
Cash Flow
$2,492 income − $3,971 expenses = $1,479 out of pocket
Investment Breakdown
|
Purchase Price
$517k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,165
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,492
Total Expenses
$3,971
Mortgage P&I
110%
$2,744
Property Taxes
13%
$325
Home Insurance
9%
$214
HOA
2%
$39
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0