This property looks like a bad Long-Term investment with a projected -16.13% first-year return on $106k initial cash invested.
-16.13%
Cash On Cash
3.3%
Cap Rate
0.52
DSCR
$2,586
Rent
-$1,426
Cashflow
Cash Flow
$2,586 income − $4,012 expenses = $1,426 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,051
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,586
Total Expenses
$4,012
Mortgage P&I
104%
$2,686
Property Taxes
18%
$470
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0