This property looks like a bad Long-Term investment with a projected -18.37% first-year return on $109k initial cash invested.
-18.37%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$2,937
Rent
-$1,672
Cashflow
Cash Flow
$2,937 income − $4,609 expenses = $1,672 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%
$5,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,937
Total Expenses
$4,609
Mortgage P&I
96%
$2,832
Property Taxes
28%
$820
Home Insurance
6%
$182
HOA
0%
$11
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0