This property looks like a bad Long-Term investment with a projected -16.75% first-year return on $109k initial cash invested.
-16.75%
Cash On Cash
2.9%
Cap Rate
0.47
DSCR
$2,319
Rent
-$1,525
Cashflow
Cash Flow
$2,319 income − $3,844 expenses = $1,525 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,204
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,319
Total Expenses
$3,844
Mortgage P&I
115%
$2,665
Property Taxes
17%
$384
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0