This property looks like a bad Long-Term investment with a projected -15.33% first-year return on $106k initial cash invested.
-15.33%
Cash On Cash
3.09%
Cap Rate
0.52
DSCR
$2,901
Rent
-$1,356
Cashflow
Cash Flow
$2,901 income − $4,257 expenses = $1,356 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,055
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,901
Total Expenses
$4,257
Mortgage P&I
87%
$2,512
Property Taxes
28%
$820
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0