This property looks like a bad Long-Term investment with a projected -14.38% first-year return on $106k initial cash invested.
-14.38%
Cash On Cash
3.37%
Cap Rate
0.55
DSCR
$2,245
Rent
-$1,266
Cashflow
Cash Flow
$2,245 income − $3,511 expenses = $1,266 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,030
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,245
Total Expenses
$3,511
Mortgage P&I
114%
$2,567
Property Taxes
8%
$177
Home Insurance
8%
$184
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0