This property looks like a bad Long-Term investment with a projected -11.18% first-year return on $107k initial cash invested.
-11.18%
Cash On Cash
4.46%
Cap Rate
0.69
DSCR
$2,804
Rent
-$994
Cashflow
Cash Flow
$2,804 income − $3,798 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,080
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,804
Total Expenses
$3,798
Mortgage P&I
98%
$2,744
Property Taxes
5%
$144
Home Insurance
6%
$182
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0