This property looks like a bad Long-Term investment with a projected -15.84% first-year return on $107k initial cash invested.
-15.84%
Cash On Cash
3.49%
Cap Rate
0.54
DSCR
$3,045
Rent
-$1,410
Cashflow
Cash Flow
$3,045 income − $4,455 expenses = $1,410 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,088
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,045
Total Expenses
$4,455
Mortgage P&I
90%
$2,737
Property Taxes
24%
$745
Home Insurance
6%
$182
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0