This property looks like a bad Long-Term investment with a projected -18.56% first-year return on $106k initial cash invested.
-18.56%
Cash On Cash
2.85%
Cap Rate
0.45
DSCR
$2,966
Rent
-$1,640
Cashflow
Cash Flow
$2,966 income − $4,606 expenses = $1,640 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,966
Total Expenses
$4,606
Mortgage P&I
91%
$2,693
Property Taxes
31%
$923
Home Insurance
6%
$177
HOA
1%
$42
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0