This property looks like a bad Long-Term investment with a projected -13.04% first-year return on $106k initial cash invested.
-13.04%
Cash On Cash
3.79%
Cap Rate
0.61
DSCR
$2,653
Rent
-$1,154
Cashflow
Cash Flow
$2,653 income − $3,807 expenses = $1,154 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,056
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,653
Total Expenses
$3,807
Mortgage P&I
99%
$2,618
Property Taxes
12%
$317
Home Insurance
7%
$182
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0