This property looks like a bad Long-Term investment with a projected -15.7% first-year return on $109k initial cash invested.
-15.7%
Cash On Cash
3.33%
Cap Rate
0.52
DSCR
$2,382
Rent
-$1,429
Cashflow
Cash Flow
$2,382 income − $3,811 expenses = $1,429 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,382
Total Expenses
$3,811
Mortgage P&I
116%
$2,755
Property Taxes
7%
$172
Home Insurance
8%
$182
HOA
3%
$83
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0