This property looks like a bad Long-Term investment with a projected -15.94% first-year return on $106k initial cash invested.
-15.94%
Cash On Cash
3.03%
Cap Rate
0.5
DSCR
$2,158
Rent
-$1,410
Cashflow
Cash Flow
$2,158 income − $3,568 expenses = $1,410 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,055
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,158
Total Expenses
$3,568
Mortgage P&I
120%
$2,579
Property Taxes
11%
$244
Home Insurance
9%
$184
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0