This property looks like a bad Long-Term investment with a projected -12.44% first-year return on $106k initial cash invested.
-12.44%
Cash On Cash
4.52%
Cap Rate
0.67
DSCR
$3,117
Rent
-$1,096
Cashflow
Cash Flow
$3,117 income − $4,213 expenses = $1,096 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,117
Total Expenses
$4,213
Mortgage P&I
91%
$2,837
Property Taxes
13%
$390
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0