This property looks like a bad Long-Term investment with a projected -13.14% first-year return on $106k initial cash invested.
-13.14%
Cash On Cash
3.74%
Cap Rate
0.61
DSCR
$3,217
Rent
-$1,161
Cashflow
Cash Flow
$3,217 income − $4,378 expenses = $1,161 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,217
Total Expenses
$4,378
Mortgage P&I
80%
$2,576
Property Taxes
25%
$790
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0