This property looks like a bad Long-Term investment with a projected -15.22% first-year return on $109k initial cash invested.
-15.22%
Cash On Cash
3.13%
Cap Rate
0.52
DSCR
$2,405
Rent
-$1,383
Cashflow
Cash Flow
$2,405 income − $3,788 expenses = $1,383 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,194
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,405
Total Expenses
$3,788
Mortgage P&I
109%
$2,619
Property Taxes
15%
$363
Home Insurance
8%
$182
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0