This property looks like a bad Long-Term investment with a projected -16.73% first-year return on $109k initial cash invested.
-16.73%
Cash On Cash
3.02%
Cap Rate
0.48
DSCR
$2,581
Rent
-$1,522
Cashflow
Cash Flow
$2,581 income − $4,103 expenses = $1,522 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,581
Total Expenses
$4,103
Mortgage P&I
105%
$2,701
Property Taxes
19%
$489
Home Insurance
7%
$184
HOA
2%
$58
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0