This property looks like a bad Long-Term investment with a projected -18.3% first-year return on $108k initial cash invested.
-18.3%
Cash On Cash
2.48%
Cap Rate
0.41
DSCR
$1,866
Rent
-$1,649
Cashflow
Cash Flow
$1,866 income − $3,515 expenses = $1,649 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$103k
Closing costs
1%
$5,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,866
Total Expenses
$3,515
Mortgage P&I
141%
$2,622
Property Taxes
12%
$228
Home Insurance
10%
$180
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0