This property looks like a bad Long-Term investment with a projected -16.36% first-year return on $109k initial cash invested.
-16.36%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$2,697
Rent
-$1,489
Cashflow
Cash Flow
$2,697 income − $4,186 expenses = $1,489 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,202
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,697
Total Expenses
$4,186
Mortgage P&I
106%
$2,868
Property Taxes
16%
$418
Home Insurance
7%
$184
HOA
1%
$14
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0