This property looks like a bad Long-Term investment with a projected -19.62% first-year return on $107k initial cash invested.
-19.62%
Cash On Cash
2.65%
Cap Rate
0.4
DSCR
$1,841
Rent
-$1,746
Cashflow
Cash Flow
$1,841 income − $3,587 expenses = $1,746 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,086
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,841
Total Expenses
$3,587
Mortgage P&I
151%
$2,776
Property Taxes
8%
$141
Home Insurance
10%
$192
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0