This property looks like a bad Long-Term investment with a projected -12.14% first-year return on $106k initial cash invested.
-12.14%
Cash On Cash
3.92%
Cap Rate
0.64
DSCR
$2,676
Rent
-$1,072
Cashflow
Cash Flow
$2,676 income − $3,748 expenses = $1,072 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%
$5,047
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,676
Total Expenses
$3,748
Mortgage P&I
97%
$2,588
Property Taxes
11%
$285
Home Insurance
7%
$178
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0