This property looks like a bad Long-Term investment with a projected -10.79% first-year return on $109k initial cash invested.
-10.79%
Cash On Cash
4.14%
Cap Rate
0.68
DSCR
$2,981
Rent
-$979
Cashflow
Cash Flow
$2,981 income − $3,960 expenses = $979 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,186
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,981
Total Expenses
$3,960
Mortgage P&I
88%
$2,620
Property Taxes
13%
$383
Home Insurance
6%
$182
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0