This property looks like a bad Long-Term investment with a projected -19.13% first-year return on $107k initial cash invested.
-19.13%
Cash On Cash
3.02%
Cap Rate
0.45
DSCR
$2,755
Rent
-$1,698
Cashflow
Cash Flow
$2,755 income − $4,453 expenses = $1,698 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$101k
Closing costs
1%
$5,073
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,755
Total Expenses
$4,453
Mortgage P&I
103%
$2,838
Property Taxes
26%
$714
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0