This property looks like a bad Long-Term investment with a projected -12.3% first-year return on $107k initial cash invested.
-12.3%
Cash On Cash
4.2%
Cap Rate
0.65
DSCR
$2,802
Rent
-$1,096
Cashflow
Cash Flow
$2,802 income − $3,898 expenses = $1,096 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,093
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,802
Total Expenses
$3,898
Mortgage P&I
98%
$2,740
Property Taxes
8%
$235
Home Insurance
7%
$184
HOA
0%
$11
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0