This property looks like a bad Long-Term investment with a projected -8.42% first-year return on $109k initial cash invested.
-8.42%
Cash On Cash
5.38%
Cap Rate
0.8
DSCR
$3,592
Rent
-$767
Cashflow
Cash Flow
$3,592 income − $4,359 expenses = $767 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,203
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,592
Total Expenses
$4,359
Mortgage P&I
81%
$2,921
Property Taxes
9%
$331
Home Insurance
5%
$172
HOA
0%
$0
Property Management
10%
$359
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0