This property looks like a bad Long-Term investment with a projected -15.27% first-year return on $109k initial cash invested.
-15.27%
Cash On Cash
3.58%
Cap Rate
0.55
DSCR
$2,651
Rent
-$1,388
Cashflow
Cash Flow
$2,651 income − $4,039 expenses = $1,388 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,195
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,651
Total Expenses
$4,039
Mortgage P&I
106%
$2,803
Property Taxes
14%
$362
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0