This property looks like a bad Long-Term investment with a projected -14.93% first-year return on $109k initial cash invested.
-14.93%
Cash On Cash
3.56%
Cap Rate
0.56
DSCR
$2,806
Rent
-$1,353
Cashflow
Cash Flow
$2,806 income − $4,159 expenses = $1,353 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,178
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,806
Total Expenses
$4,159
Mortgage P&I
98%
$2,751
Property Taxes
18%
$494
Home Insurance
7%
$185
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0