This property looks like a bad Long-Term investment with a projected -21.34% first-year return on $106k initial cash invested.
-21.34%
Cash On Cash
2.31%
Cap Rate
0.35
DSCR
$2,204
Rent
-$1,889
Cashflow
Cash Flow
$2,204 income − $4,093 expenses = $1,889 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,058
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,204
Total Expenses
$4,093
Mortgage P&I
125%
$2,752
Property Taxes
27%
$584
Home Insurance
8%
$185
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0