This property looks like a bad Long-Term investment with a projected -10.73% first-year return on $106k initial cash invested.
-10.73%
Cash On Cash
4.91%
Cap Rate
0.73
DSCR
$3,549
Rent
-$944
Cashflow
Cash Flow
$3,549 income − $4,493 expenses = $944 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,027
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,549
Total Expenses
$4,493
Mortgage P&I
80%
$2,825
Property Taxes
16%
$571
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$355
CapEx
5%
$177
Vacancy
6%
$213
Maintenance
5%
$177
Other
0%
$0