This property looks like a bad Long-Term investment with a projected -18.88% first-year return on $107k initial cash invested.
-18.88%
Cash On Cash
2.95%
Cap Rate
0.45
DSCR
$2,601
Rent
-$1,685
Cashflow
Cash Flow
$2,601 income − $4,286 expenses = $1,685 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,601
Total Expenses
$4,286
Mortgage P&I
108%
$2,809
Property Taxes
22%
$567
Home Insurance
7%
$184
HOA
2%
$50
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0