This property looks like a bad Long-Term investment with a projected -21.17% first-year return on $109k initial cash invested.
-21.17%
Cash On Cash
2.51%
Cap Rate
0.37
DSCR
$2,212
Rent
-$1,928
Cashflow
Cash Flow
$2,212 income − $4,140 expenses = $1,928 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
$2,212
Total Expenses
$4,140
Mortgage P&I
131%
$2,907
Property Taxes
21%
$465
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0