This property looks like a bad Long-Term investment with a projected -19.41% first-year return on $106k initial cash invested.
-19.41%
Cash On Cash
2.88%
Cap Rate
0.43
DSCR
$2,105
Rent
-$1,711
Cashflow
Cash Flow
$2,105 income − $3,816 expenses = $1,711 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,036
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,105
Total Expenses
$3,816
Mortgage P&I
134%
$2,815
Property Taxes
13%
$272
Home Insurance
9%
$183
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0