This property looks like a bad Long-Term investment with a projected -13.94% first-year return on $109k initial cash invested.
-13.94%
Cash On Cash
3.52%
Cap Rate
0.57
DSCR
$2,782
Rent
-$1,272
Cashflow
Cash Flow
$2,782 income − $4,054 expenses = $1,272 out of pocket
Investment Breakdown
|
Purchase Price
$521k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,214
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,782
Total Expenses
$4,054
Mortgage P&I
96%
$2,661
Property Taxes
17%
$486
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0