This property looks like a bad Long-Term investment with a projected -10.55% first-year return on $106k initial cash invested.
-10.55%
Cash On Cash
4.3%
Cap Rate
0.7
DSCR
$2,835
Rent
-$932
Cashflow
Cash Flow
$2,835 income − $3,767 expenses = $932 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,835
Total Expenses
$3,767
Mortgage P&I
92%
$2,600
Property Taxes
6%
$170
Home Insurance
6%
$184
HOA
3%
$75
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0