This property looks like a bad Long-Term investment with a projected -19.95% first-year return on $108k initial cash invested.
-19.95%
Cash On Cash
2.8%
Cap Rate
0.42
DSCR
$2,860
Rent
-$1,790
Cashflow
Cash Flow
$2,860 income − $4,650 expenses = $1,790 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,127
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,860
Total Expenses
$4,650
Mortgage P&I
99%
$2,844
Property Taxes
31%
$887
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0