This property looks like a bad Long-Term investment with a projected -17.41% first-year return on $109k initial cash invested.
-17.41%
Cash On Cash
3.36%
Cap Rate
0.5
DSCR
$3,043
Rent
-$1,580
Cashflow
Cash Flow
$3,043 income − $4,623 expenses = $1,580 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,187
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,043
Total Expenses
$4,623
Mortgage P&I
95%
$2,882
Property Taxes
25%
$758
Home Insurance
6%
$184
HOA
0%
$8
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0