This property looks like a bad Long-Term investment with a projected -17.44% first-year return on $107k initial cash invested.
-17.44%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$2,340
Rent
-$1,561
Cashflow
Cash Flow
$2,340 income − $3,901 expenses = $1,561 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,115
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,340
Total Expenses
$3,901
Mortgage P&I
119%
$2,782
Property Taxes
14%
$327
Home Insurance
8%
$184
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0