This property looks like a bad Long-Term investment with a projected -16.08% first-year return on $106k initial cash invested.
-16.08%
Cash On Cash
3.33%
Cap Rate
0.52
DSCR
$2,281
Rent
-$1,421
Cashflow
Cash Flow
$2,281 income − $3,702 expenses = $1,421 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,049
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,281
Total Expenses
$3,702
Mortgage P&I
119%
$2,710
Property Taxes
8%
$178
Home Insurance
8%
$177
HOA
2%
$44
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0