This property looks like a bad Long-Term investment with a projected -20.84% first-year return on $108k initial cash invested.
-20.84%
Cash On Cash
2.46%
Cap Rate
0.37
DSCR
$1,699
Rent
-$1,878
Cashflow
Cash Flow
$1,699 income − $3,577 expenses = $1,878 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,699
Total Expenses
$3,577
Mortgage P&I
168%
$2,848
Property Taxes
6%
$107
Home Insurance
11%
$180
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0