This property looks like a bad Long-Term investment with a projected -16.84% first-year return on $107k initial cash invested.
-16.84%
Cash On Cash
3.08%
Cap Rate
0.48
DSCR
$2,176
Rent
-$1,503
Cashflow
Cash Flow
$2,176 income − $3,679 expenses = $1,503 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,176
Total Expenses
$3,679
Mortgage P&I
124%
$2,702
Property Taxes
11%
$232
Home Insurance
8%
$178
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0