This property looks like a bad Long-Term investment with a projected -15.18% first-year return on $109k initial cash invested.
-15.18%
Cash On Cash
3.69%
Cap Rate
0.56
DSCR
$2,885
Rent
-$1,382
Cashflow
Cash Flow
$2,885 income − $4,267 expenses = $1,382 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,885
Total Expenses
$4,267
Mortgage P&I
98%
$2,836
Property Taxes
17%
$502
Home Insurance
6%
$180
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0