This property looks like a bad Long-Term investment with a projected -14.39% first-year return on $109k initial cash invested.
-14.39%
Cash On Cash
3.26%
Cap Rate
0.54
DSCR
$2,230
Rent
-$1,312
Cashflow
Cash Flow
$2,230 income − $3,542 expenses = $1,312 out of pocket
Investment Breakdown
|
Purchase Price
$521k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,210
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,230
Total Expenses
$3,542
Mortgage P&I
117%
$2,616
Property Taxes
5%
$117
Home Insurance
10%
$228
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0