This property looks like a bad Long-Term investment with a projected -17.94% first-year return on $106k initial cash invested.
-17.94%
Cash On Cash
3.11%
Cap Rate
0.47
DSCR
$2,208
Rent
-$1,578
Cashflow
Cash Flow
$2,208 income − $3,786 expenses = $1,578 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,026
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,208
Total Expenses
$3,786
Mortgage P&I
125%
$2,769
Property Taxes
12%
$262
Home Insurance
8%
$182
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0