This property looks like a bad Long-Term investment with a projected -15.01% first-year return on $109k initial cash invested.
-15.01%
Cash On Cash
3.58%
Cap Rate
0.56
DSCR
$2,808
Rent
-$1,362
Cashflow
Cash Flow
$2,808 income − $4,170 expenses = $1,362 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,808
Total Expenses
$4,170
Mortgage P&I
99%
$2,769
Property Taxes
17%
$490
Home Insurance
6%
$182
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0