This property looks like a bad Long-Term investment with a projected -20.91% first-year return on $108k initial cash invested.
-20.91%
Cash On Cash
2.69%
Cap Rate
0.4
DSCR
$2,554
Rent
-$1,876
Cashflow
Cash Flow
$2,554 income − $4,430 expenses = $1,876 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,554
Total Expenses
$4,430
Mortgage P&I
113%
$2,896
Property Taxes
28%
$721
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0