This property looks like a bad Long-Term investment with a projected -21.48% first-year return on $109k initial cash invested.
-21.48%
Cash On Cash
2.25%
Cap Rate
0.34
DSCR
$1,594
Rent
-$1,952
Cashflow
Cash Flow
$1,594 income − $3,546 expenses = $1,952 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,594
Total Expenses
$3,546
Mortgage P&I
179%
$2,847
Property Taxes
6%
$92
Home Insurance
12%
$192
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0