This property looks like a bad Long-Term investment with a projected -16.26% first-year return on $109k initial cash invested.
-16.26%
Cash On Cash
3.24%
Cap Rate
0.51
DSCR
$2,612
Rent
-$1,477
Cashflow
Cash Flow
$2,612 income − $4,089 expenses = $1,477 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,192
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,612
Total Expenses
$4,089
Mortgage P&I
105%
$2,746
Property Taxes
19%
$488
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0