This property looks like a bad Long-Term investment with a projected -18.27% first-year return on $109k initial cash invested.
-18.27%
Cash On Cash
2.84%
Cap Rate
0.45
DSCR
$2,900
Rent
-$1,656
Cashflow
Cash Flow
$2,900 income − $4,556 expenses = $1,656 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,179
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,900
Total Expenses
$4,556
Mortgage P&I
94%
$2,736
Property Taxes
30%
$884
Home Insurance
6%
$182
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0