This property looks like a bad Long-Term investment with a projected -14.16% first-year return on $106k initial cash invested.
-14.16%
Cash On Cash
3.81%
Cap Rate
0.59
DSCR
$3,053
Rent
-$1,256
Cashflow
Cash Flow
$3,053 income − $4,309 expenses = $1,256 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,067
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,053
Total Expenses
$4,309
Mortgage P&I
89%
$2,710
Property Taxes
20%
$625
Home Insurance
6%
$180
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0