This property looks like a bad Long-Term investment with a projected -19.1% first-year return on $108k initial cash invested.
-19.1%
Cash On Cash
2.88%
Cap Rate
0.44
DSCR
$2,399
Rent
-$1,721
Cashflow
Cash Flow
$2,399 income − $4,120 expenses = $1,721 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,399
Total Expenses
$4,120
Mortgage P&I
118%
$2,837
Property Taxes
18%
$425
Home Insurance
8%
$180
HOA
2%
$54
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0