This property looks like a bad Long-Term investment with a projected -18.84% first-year return on $109k initial cash invested.
-18.84%
Cash On Cash
3.09%
Cap Rate
0.46
DSCR
$2,223
Rent
-$1,711
Cashflow
Cash Flow
$2,223 income − $3,934 expenses = $1,711 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,223
Total Expenses
$3,934
Mortgage P&I
132%
$2,938
Property Taxes
11%
$237
Home Insurance
8%
$182
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0