This property looks like a bad Long-Term investment with a projected -15.99% first-year return on $109k initial cash invested.
-15.99%
Cash On Cash
3.64%
Cap Rate
0.54
DSCR
$2,673
Rent
-$1,453
Cashflow
Cash Flow
$2,673 income − $4,126 expenses = $1,453 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,673
Total Expenses
$4,126
Mortgage P&I
108%
$2,895
Property Taxes
13%
$353
Home Insurance
7%
$183
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0