This property looks like a bad Long-Term investment with a projected -21.96% first-year return on $109k initial cash invested.
-21.96%
Cash On Cash
2.13%
Cap Rate
0.33
DSCR
$1,899
Rent
-$1,990
Cashflow
Cash Flow
$1,899 income − $3,889 expenses = $1,990 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,899
Total Expenses
$3,889
Mortgage P&I
148%
$2,814
Property Taxes
20%
$389
Home Insurance
10%
$192
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0