This property looks like a bad Long-Term investment with a projected -15.13% first-year return on $109k initial cash invested.
-15.13%
Cash On Cash
3.56%
Cap Rate
0.55
DSCR
$2,305
Rent
-$1,372
Cashflow
Cash Flow
$2,305 income − $3,677 expenses = $1,372 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,181
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,305
Total Expenses
$3,677
Mortgage P&I
121%
$2,792
Property Taxes
4%
$100
Home Insurance
8%
$187
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0