This property looks like a bad Long-Term investment with a projected -17.05% first-year return on $109k initial cash invested.
-17.05%
Cash On Cash
3.38%
Cap Rate
0.51
DSCR
$2,700
Rent
-$1,548
Cashflow
Cash Flow
$2,700 income − $4,248 expenses = $1,548 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
$2,700
Total Expenses
$4,248
Mortgage P&I
106%
$2,875
Property Taxes
17%
$448
Home Insurance
7%
$184
HOA
1%
$39
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0