This property looks like a bad Long-Term investment with a projected -14.79% first-year return on $107k initial cash invested.
-14.79%
Cash On Cash
3.51%
Cap Rate
0.57
DSCR
$3,515
Rent
-$1,314
Cashflow
Cash Flow
$3,515 income − $4,829 expenses = $1,314 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,078
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,515
Total Expenses
$4,829
Mortgage P&I
75%
$2,623
Property Taxes
15%
$510
Home Insurance
5%
$180
HOA
17%
$601
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0