This property looks like a bad Long-Term investment with a projected -18.01% first-year return on $107k initial cash invested.
-18.01%
Cash On Cash
2.66%
Cap Rate
0.43
DSCR
$1,996
Rent
-$1,599
Cashflow
Cash Flow
$1,996 income − $3,595 expenses = $1,599 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$101k
Closing costs
1%
$5,074
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,996
Total Expenses
$3,595
Mortgage P&I
131%
$2,623
Property Taxes
13%
$256
Home Insurance
10%
$196
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0