This property looks like a bad Long-Term investment with a projected -19.73% first-year return on $109k initial cash invested.
-19.73%
Cash On Cash
2.53%
Cap Rate
0.39
DSCR
$2,020
Rent
-$1,795
Cashflow
Cash Flow
$2,020 income − $3,815 expenses = $1,795 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,020
Total Expenses
$3,815
Mortgage P&I
138%
$2,789
Property Taxes
16%
$319
Home Insurance
9%
$182
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0