This property looks like a bad Long-Term investment with a projected -16% first-year return on $109k initial cash invested.
-16%
Cash On Cash
3.34%
Cap Rate
0.52
DSCR
$2,299
Rent
-$1,456
Cashflow
Cash Flow
$2,299 income − $3,755 expenses = $1,456 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%
$5,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,299
Total Expenses
$3,755
Mortgage P&I
121%
$2,788
Property Taxes
11%
$247
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0