This property looks like a bad Long-Term investment with a projected -19.9% first-year return on $106k initial cash invested.
-19.9%
Cash On Cash
2.71%
Cap Rate
0.41
DSCR
$2,275
Rent
-$1,751
Cashflow
Cash Flow
$2,275 income − $4,026 expenses = $1,751 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,029
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,275
Total Expenses
$4,026
Mortgage P&I
122%
$2,774
Property Taxes
21%
$485
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0