This property looks like a bad Long-Term investment with a projected -16.57% first-year return on $107k initial cash invested.
-16.57%
Cash On Cash
2.94%
Cap Rate
0.48
DSCR
$2,595
Rent
-$1,477
Cashflow
Cash Flow
$2,595 income − $4,072 expenses = $1,477 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,095
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,595
Total Expenses
$4,072
Mortgage P&I
100%
$2,596
Property Taxes
23%
$590
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0