This property looks like a bad Long-Term investment with a projected -14.51% first-year return on $109k initial cash invested.
-14.51%
Cash On Cash
3.83%
Cap Rate
0.59
DSCR
$3,022
Rent
-$1,323
Cashflow
Cash Flow
$3,022 income − $4,345 expenses = $1,323 out of pocket
Investment Breakdown
|
Purchase Price
$521k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,211
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,022
Total Expenses
$4,345
Mortgage P&I
94%
$2,834
Property Taxes
16%
$494
Home Insurance
6%
$189
HOA
1%
$43
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0