This property looks like a bad Long-Term investment with a projected -23.12% first-year return on $107k initial cash invested.
-23.12%
Cash On Cash
1.53%
Cap Rate
0.25
DSCR
$1,693
Rent
-$2,062
Cashflow
Cash Flow
$1,693 income − $3,755 expenses = $2,062 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,096
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,693
Total Expenses
$3,755
Mortgage P&I
155%
$2,627
Property Taxes
30%
$503
Home Insurance
11%
$184
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0