This property looks like a bad Long-Term investment with a projected -13.23% first-year return on $109k initial cash invested.
-13.23%
Cash On Cash
3.93%
Cap Rate
0.62
DSCR
$2,811
Rent
-$1,200
Cashflow
Cash Flow
$2,811 income − $4,011 expenses = $1,200 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,182
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,811
Total Expenses
$4,011
Mortgage P&I
98%
$2,757
Property Taxes
12%
$336
Home Insurance
7%
$186
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0