This property looks like a bad Long-Term investment with a projected -15.88% first-year return on $109k initial cash invested.
-15.88%
Cash On Cash
3%
Cap Rate
0.49
DSCR
$1,912
Rent
-$1,436
Cashflow
Cash Flow
$1,912 income − $3,348 expenses = $1,436 out of pocket
Investment Breakdown
|
Purchase Price
$517k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$103k
Closing costs
1%
$5,167
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,912
Total Expenses
$3,348
Mortgage P&I
138%
$2,633
Property Taxes
2%
$42
Home Insurance
9%
$175
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0