This property looks like a bad Long-Term investment with a projected -14.12% first-year return on $106k initial cash invested.
-14.12%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$3,360
Rent
-$1,251
Cashflow
Cash Flow
$3,360 income − $4,611 expenses = $1,251 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,061
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,360
Total Expenses
$4,611
Mortgage P&I
83%
$2,772
Property Taxes
24%
$790
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0