This property looks like a bad Long-Term investment with a projected -14.27% first-year return on $109k initial cash invested.
-14.27%
Cash On Cash
3.38%
Cap Rate
0.55
DSCR
$2,316
Rent
-$1,299
Cashflow
Cash Flow
$2,316 income − $3,615 expenses = $1,299 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,316
Total Expenses
$3,615
Mortgage P&I
114%
$2,649
Property Taxes
8%
$181
Home Insurance
8%
$182
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0