This property looks like a bad Long-Term investment with a projected -16.6% first-year return on $109k initial cash invested.
-16.6%
Cash On Cash
3.11%
Cap Rate
0.5
DSCR
$3,186
Rent
-$1,507
Cashflow
Cash Flow
$3,186 income − $4,693 expenses = $1,507 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,187
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,186
Total Expenses
$4,693
Mortgage P&I
85%
$2,694
Property Taxes
30%
$945
Home Insurance
6%
$184
HOA
1%
$42
Property Management
10%
$319
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0