This property looks like a bad Long-Term investment with a projected -17.25% first-year return on $109k initial cash invested.
-17.25%
Cash On Cash
3.36%
Cap Rate
0.5
DSCR
$2,572
Rent
-$1,567
Cashflow
Cash Flow
$2,572 income − $4,139 expenses = $1,567 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%
$5,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,572
Total Expenses
$4,139
Mortgage P&I
112%
$2,891
Property Taxes
15%
$397
Home Insurance
7%
$182
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$129
Vacancy
6%
$154
Maintenance
5%
$129
Other
0%
$0