This property looks like a bad Long-Term investment with a projected -15.72% first-year return on $109k initial cash invested.
-15.72%
Cash On Cash
3.85%
Cap Rate
0.56
DSCR
$2,887
Rent
-$1,433
Cashflow
Cash Flow
$2,887 income − $4,320 expenses = $1,433 out of pocket
Investment Breakdown
|
Purchase Price
$521k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,209
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,887
Total Expenses
$4,320
Mortgage P&I
102%
$2,959
Property Taxes
15%
$427
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0