This property looks like a bad Long-Term investment with a projected -17.61% first-year return on $106k initial cash invested.
-17.61%
Cash On Cash
2.68%
Cap Rate
0.44
DSCR
$2,670
Rent
-$1,563
Cashflow
Cash Flow
$2,670 income − $4,233 expenses = $1,563 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,071
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,670
Total Expenses
$4,233
Mortgage P&I
96%
$2,563
Property Taxes
29%
$765
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0