This property looks like a bad Long-Term investment with a projected -24.21% first-year return on $109k initial cash invested.
-24.21%
Cash On Cash
1.78%
Cap Rate
0.27
DSCR
$1,701
Rent
-$2,195
Cashflow
Cash Flow
$1,701 income − $3,896 expenses = $2,195 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,181
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,701
Total Expenses
$3,896
Mortgage P&I
169%
$2,879
Property Taxes
23%
$383
Home Insurance
11%
$192
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0