This property looks like a bad Long-Term investment with a projected -14.02% first-year return on $107k initial cash invested.
-14.02%
Cash On Cash
3.36%
Cap Rate
0.56
DSCR
$2,665
Rent
-$1,249
Cashflow
Cash Flow
$2,665 income − $3,914 expenses = $1,249 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,665
Total Expenses
$3,914
Mortgage P&I
95%
$2,540
Property Taxes
16%
$439
Home Insurance
9%
$243
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0