This property looks like a bad Long-Term investment with a projected -23.54% first-year return on $109k initial cash invested.
-23.54%
Cash On Cash
1.98%
Cap Rate
0.29
DSCR
$1,707
Rent
-$2,135
Cashflow
Cash Flow
$1,707 income − $3,842 expenses = $2,135 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,182
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,707
Total Expenses
$3,842
Mortgage P&I
170%
$2,905
Property Taxes
22%
$372
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0