This property looks like a bad Long-Term investment with a projected -18.33% first-year return on $109k initial cash invested.
-18.33%
Cash On Cash
3.18%
Cap Rate
0.47
DSCR
$2,407
Rent
-$1,668
Cashflow
Cash Flow
$2,407 income − $4,075 expenses = $1,668 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,407
Total Expenses
$4,075
Mortgage P&I
121%
$2,924
Property Taxes
14%
$344
Home Insurance
8%
$182
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0