This property looks like a bad Long-Term investment with a projected -16.98% first-year return on $108k initial cash invested.
-16.98%
Cash On Cash
3.33%
Cap Rate
0.51
DSCR
$2,672
Rent
-$1,530
Cashflow
Cash Flow
$2,672 income − $4,202 expenses = $1,530 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%
$5,148
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,672
Total Expenses
$4,202
Mortgage P&I
106%
$2,823
Property Taxes
19%
$502
Home Insurance
7%
$182
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0