This property looks like a bad Long-Term investment with a projected -17.8% first-year return on $109k initial cash invested.
-17.8%
Cash On Cash
3.25%
Cap Rate
0.49
DSCR
$2,660
Rent
-$1,618
Cashflow
Cash Flow
$2,660 income − $4,278 expenses = $1,618 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,195
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,660
Total Expenses
$4,278
Mortgage P&I
109%
$2,890
Property Taxes
18%
$470
Home Insurance
7%
$184
HOA
2%
$42
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0