This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $109k initial cash invested.
-13.52%
Cash On Cash
3.76%
Cap Rate
0.6
DSCR
$2,956
Rent
-$1,231
Cashflow
Cash Flow
$2,956 income − $4,187 expenses = $1,231 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%
$5,202
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,956
Total Expenses
$4,187
Mortgage P&I
92%
$2,712
Property Taxes
17%
$504
Home Insurance
6%
$182
HOA
1%
$20
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0