This property looks like a bad Long-Term investment with a projected -15.42% first-year return on $109k initial cash invested.
-15.42%
Cash On Cash
3.56%
Cap Rate
0.55
DSCR
$2,772
Rent
-$1,400
Cashflow
Cash Flow
$2,772 income − $4,172 expenses = $1,400 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,188
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,772
Total Expenses
$4,172
Mortgage P&I
101%
$2,799
Property Taxes
16%
$443
Home Insurance
7%
$190
HOA
1%
$19
Property Management
10%
$277
CapEx
5%
$139
Vacancy
6%
$166
Maintenance
5%
$139
Other
0%
$0