This property looks like a bad Long-Term investment with a projected -17.5% first-year return on $108k initial cash invested.
-17.5%
Cash On Cash
3.18%
Cap Rate
0.49
DSCR
$2,809
Rent
-$1,576
Cashflow
Cash Flow
$2,809 income − $4,385 expenses = $1,576 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,146
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,809
Total Expenses
$4,385
Mortgage P&I
100%
$2,798
Property Taxes
24%
$673
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$169
Maintenance
5%
$140
Other
0%
$0