This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $109k initial cash invested.
-11.87%
Cash On Cash
3.89%
Cap Rate
0.64
DSCR
$2,924
Rent
-$1,078
Cashflow
Cash Flow
$2,924 income − $4,002 expenses = $1,078 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,924
Total Expenses
$4,002
Mortgage P&I
89%
$2,613
Property Taxes
15%
$443
Home Insurance
6%
$187
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0