This property looks like a bad Long-Term investment with a projected -10.99% first-year return on $109k initial cash invested.
-10.99%
Cash On Cash
4.11%
Cap Rate
0.68
DSCR
$3,057
Rent
-$999
Cashflow
Cash Flow
$3,057 income − $4,056 expenses = $999 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,196
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,057
Total Expenses
$4,056
Mortgage P&I
86%
$2,627
Property Taxes
15%
$450
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0