This property looks like a bad Long-Term investment with a projected -13.33% first-year return on $109k initial cash invested.
-13.33%
Cash On Cash
3.62%
Cap Rate
0.59
DSCR
$2,679
Rent
-$1,212
Cashflow
Cash Flow
$2,679 income − $3,891 expenses = $1,212 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%
$5,196
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,679
Total Expenses
$3,891
Mortgage P&I
99%
$2,644
Property Taxes
14%
$366
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0