This property looks like a bad Long-Term investment with a projected -21.04% first-year return on $108k initial cash invested.
-21.04%
Cash On Cash
2.26%
Cap Rate
0.35
DSCR
$2,558
Rent
-$1,897
Cashflow
Cash Flow
$2,558 income − $4,455 expenses = $1,897 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,151
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,558
Total Expenses
$4,455
Mortgage P&I
107%
$2,741
Property Taxes
34%
$865
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0