This property looks like a bad Long-Term investment with a projected -15.05% first-year return on $109k initial cash invested.
-15.05%
Cash On Cash
3.8%
Cap Rate
0.57
DSCR
$2,975
Rent
-$1,364
Cashflow
Cash Flow
$2,975 income − $4,339 expenses = $1,364 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,975
Total Expenses
$4,339
Mortgage P&I
96%
$2,854
Property Taxes
18%
$527
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0