This property looks like a bad Long-Term investment with a projected -12.48% first-year return on $106k initial cash invested.
-12.48%
Cash On Cash
4.39%
Cap Rate
0.66
DSCR
$2,881
Rent
-$1,100
Cashflow
Cash Flow
$2,881 income − $3,981 expenses = $1,100 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,036
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,881
Total Expenses
$3,981
Mortgage P&I
97%
$2,799
Property Taxes
9%
$251
Home Insurance
6%
$182
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0