This property looks like a bad Long-Term investment with a projected -15.24% first-year return on $109k initial cash invested.
-15.24%
Cash On Cash
3.72%
Cap Rate
0.56
DSCR
$2,756
Rent
-$1,383
Cashflow
Cash Flow
$2,756 income − $4,139 expenses = $1,383 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%
$5,185
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,756
Total Expenses
$4,139
Mortgage P&I
104%
$2,854
Property Taxes
14%
$384
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0