This property looks like a bad Long-Term investment with a projected -16.48% first-year return on $109k initial cash invested.
-16.48%
Cash On Cash
2.96%
Cap Rate
0.48
DSCR
$2,593
Rent
-$1,503
Cashflow
Cash Flow
$2,593 income − $4,096 expenses = $1,503 out of pocket
Investment Breakdown
|
Purchase Price
$521k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,211
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,593
Total Expenses
$4,096
Mortgage P&I
103%
$2,660
Property Taxes
22%
$572
Home Insurance
7%
$189
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0