This property looks like a bad Long-Term investment with a projected -16.55% first-year return on $107k initial cash invested.
-16.55%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$2,978
Rent
-$1,470
Cashflow
Cash Flow
$2,978 income − $4,448 expenses = $1,470 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$101k
Closing costs
1%
$5,074
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,978
Total Expenses
$4,448
Mortgage P&I
93%
$2,782
Property Taxes
23%
$674
Home Insurance
7%
$217
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0