This property looks like a bad Long-Term investment with a projected -16.61% first-year return on $109k initial cash invested.
-16.61%
Cash On Cash
3.26%
Cap Rate
0.51
DSCR
$2,589
Rent
-$1,509
Cashflow
Cash Flow
$2,589 income − $4,098 expenses = $1,509 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,192
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,589
Total Expenses
$4,098
Mortgage P&I
108%
$2,791
Property Taxes
16%
$415
Home Insurance
7%
$182
HOA
1%
$38
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0