This property looks like a bad Long-Term investment with a projected -22.66% first-year return on $109k initial cash invested.
-22.66%
Cash On Cash
2.15%
Cap Rate
0.33
DSCR
$2,780
Rent
-$2,058
Cashflow
Cash Flow
$2,780 income − $4,838 expenses = $2,058 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,189
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,780
Total Expenses
$4,838
Mortgage P&I
102%
$2,849
Property Taxes
39%
$1,082
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0