This property looks like a bad Long-Term investment with a projected -16.14% first-year return on $107k initial cash invested.
-16.14%
Cash On Cash
3.3%
Cap Rate
0.52
DSCR
$2,553
Rent
-$1,437
Cashflow
Cash Flow
$2,553 income − $3,990 expenses = $1,437 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,088
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,553
Total Expenses
$3,990
Mortgage P&I
106%
$2,708
Property Taxes
17%
$434
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0