This property looks like a bad Long-Term investment with a projected -13.91% first-year return on $107k initial cash invested.
-13.91%
Cash On Cash
3.77%
Cap Rate
0.59
DSCR
$2,788
Rent
-$1,239
Cashflow
Cash Flow
$2,788 income − $4,027 expenses = $1,239 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%
$5,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,788
Total Expenses
$4,027
Mortgage P&I
97%
$2,698
Property Taxes
15%
$423
Home Insurance
7%
$182
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0