This property looks like a bad Long-Term investment with a projected -17.81% first-year return on $109k initial cash invested.
-17.81%
Cash On Cash
2.81%
Cap Rate
0.45
DSCR
$2,066
Rent
-$1,612
Cashflow
Cash Flow
$2,066 income − $3,678 expenses = $1,612 out of pocket
Investment Breakdown
|
Purchase Price
$517k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$103k
Closing costs
1%
$5,173
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,066
Total Expenses
$3,678
Mortgage P&I
132%
$2,719
Property Taxes
11%
$235
Home Insurance
9%
$187
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0