This property looks like a bad Long-Term investment with a projected -19.45% first-year return on $108k initial cash invested.
-19.45%
Cash On Cash
2.73%
Cap Rate
0.42
DSCR
$2,065
Rent
-$1,753
Cashflow
Cash Flow
$2,065 income − $3,818 expenses = $1,753 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,065
Total Expenses
$3,818
Mortgage P&I
137%
$2,821
Property Taxes
12%
$256
Home Insurance
9%
$180
HOA
1%
$25
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0