This property looks like a bad Long-Term investment with a projected -14.67% first-year return on $107k initial cash invested.
-14.67%
Cash On Cash
3.34%
Cap Rate
0.55
DSCR
$2,831
Rent
-$1,307
Cashflow
Cash Flow
$2,831 income − $4,138 expenses = $1,307 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,091
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,831
Total Expenses
$4,138
Mortgage P&I
91%
$2,580
Property Taxes
20%
$567
Home Insurance
9%
$254
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0