This property looks like a bad Long-Term investment with a projected -16.85% first-year return on $107k initial cash invested.
-16.85%
Cash On Cash
3.36%
Cap Rate
0.51
DSCR
$2,208
Rent
-$1,505
Cashflow
Cash Flow
$2,208 income − $3,713 expenses = $1,505 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,103
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,208
Total Expenses
$3,713
Mortgage P&I
128%
$2,822
Property Taxes
6%
$134
Home Insurance
8%
$184
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0