This property looks like a bad Long-Term investment with a projected -26% first-year return on $109k initial cash invested.
-26%
Cash On Cash
1.27%
Cap Rate
0.19
DSCR
$1,455
Rent
-$2,363
Cashflow
Cash Flow
$1,455 income − $3,818 expenses = $2,363 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,193
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,455
Total Expenses
$3,818
Mortgage P&I
195%
$2,840
Property Taxes
28%
$414
Home Insurance
13%
$185
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0