This property looks like a bad Long-Term investment with a projected -16.42% first-year return on $109k initial cash invested.
-16.42%
Cash On Cash
3.52%
Cap Rate
0.53
DSCR
$2,923
Rent
-$1,487
Cashflow
Cash Flow
$2,923 income − $4,410 expenses = $1,487 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,176
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,923
Total Expenses
$4,410
Mortgage P&I
98%
$2,860
Property Taxes
19%
$552
Home Insurance
6%
$186
HOA
2%
$53
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0