This property looks like a bad Long-Term investment with a projected -17.66% first-year return on $108k initial cash invested.
-17.66%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$2,374
Rent
-$1,593
Cashflow
Cash Flow
$2,374 income − $3,967 expenses = $1,593 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,154
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,374
Total Expenses
$3,967
Mortgage P&I
117%
$2,778
Property Taxes
16%
$380
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0