This property looks like a bad Long-Term investment with a projected -13.57% first-year return on $106k initial cash invested.
-13.57%
Cash On Cash
4.07%
Cap Rate
0.62
DSCR
$3,187
Rent
-$1,194
Cashflow
Cash Flow
$3,187 income − $4,381 expenses = $1,194 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,028
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,187
Total Expenses
$4,381
Mortgage P&I
86%
$2,741
Property Taxes
15%
$487
Home Insurance
5%
$175
HOA
5%
$150
Property Management
10%
$319
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0