This property looks like a bad Long-Term investment with a projected -14.04% first-year return on $107k initial cash invested.
-14.04%
Cash On Cash
3.6%
Cap Rate
0.58
DSCR
$3,100
Rent
-$1,253
Cashflow
Cash Flow
$3,100 income − $4,353 expenses = $1,253 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,101
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,100
Total Expenses
$4,353
Mortgage P&I
85%
$2,630
Property Taxes
24%
$733
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0