This property looks like a bad Long-Term investment with a projected -17.12% first-year return on $109k initial cash invested.
-17.12%
Cash On Cash
3.27%
Cap Rate
0.5
DSCR
$2,652
Rent
-$1,560
Cashflow
Cash Flow
$2,652 income − $4,212 expenses = $1,560 out of pocket
Investment Breakdown
|
Purchase Price
$521k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,208
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,652
Total Expenses
$4,212
Mortgage P&I
107%
$2,846
Property Taxes
18%
$485
Home Insurance
7%
$189
HOA
0%
$2
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0