This property looks like a bad Long-Term investment with a projected -15.65% first-year return on $109k initial cash invested.
-15.65%
Cash On Cash
3.49%
Cap Rate
0.54
DSCR
$2,559
Rent
-$1,420
Cashflow
Cash Flow
$2,559 income − $3,979 expenses = $1,420 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,185
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,559
Total Expenses
$3,979
Mortgage P&I
109%
$2,801
Property Taxes
13%
$330
Home Insurance
7%
$182
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0