This property looks like a bad Long-Term investment with a projected -19.55% first-year return on $109k initial cash invested.
-19.55%
Cash On Cash
2.34%
Cap Rate
0.38
DSCR
$2,215
Rent
-$1,779
Cashflow
Cash Flow
$2,215 income − $3,994 expenses = $1,779 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,215
Total Expenses
$3,994
Mortgage P&I
121%
$2,681
Property Taxes
25%
$554
Home Insurance
8%
$182
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0