This property looks like a bad Long-Term investment with a projected -14.82% first-year return on $106k initial cash invested.
-14.82%
Cash On Cash
3.91%
Cap Rate
0.59
DSCR
$2,886
Rent
-$1,314
Cashflow
Cash Flow
$2,886 income − $4,200 expenses = $1,314 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,065
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,886
Total Expenses
$4,200
Mortgage P&I
98%
$2,822
Property Taxes
14%
$403
Home Insurance
6%
$175
HOA
2%
$50
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0