This property looks like a bad Long-Term investment with a projected -11.49% first-year return on $109k initial cash invested.
-11.49%
Cash On Cash
4.15%
Cap Rate
0.67
DSCR
$3,249
Rent
-$1,044
Cashflow
Cash Flow
$3,249 income − $4,293 expenses = $1,044 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,249
Total Expenses
$4,293
Mortgage P&I
82%
$2,676
Property Taxes
19%
$633
Home Insurance
4%
$140
HOA
0%
$0
Property Management
10%
$325
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0