This property looks like a bad Long-Term investment with a projected -15.05% first-year return on $109k initial cash invested.
-15.05%
Cash On Cash
3.4%
Cap Rate
0.54
DSCR
$2,254
Rent
-$1,372
Cashflow
Cash Flow
$2,254 income − $3,626 expenses = $1,372 out of pocket
Investment Breakdown
|
Purchase Price
$521k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,209
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,254
Total Expenses
$3,626
Mortgage P&I
121%
$2,735
Property Taxes
5%
$123
Home Insurance
8%
$182
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0