This property looks like a bad Long-Term investment with a projected -15.21% first-year return on $107k initial cash invested.
-15.21%
Cash On Cash
3.13%
Cap Rate
0.51
DSCR
$2,036
Rent
-$1,352
Cashflow
Cash Flow
$2,036 income − $3,388 expenses = $1,352 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,080
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,036
Total Expenses
$3,388
Mortgage P&I
126%
$2,574
Property Taxes
5%
$98
Home Insurance
9%
$186
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0