This property looks like a bad Long-Term investment with a projected -14.74% first-year return on $106k initial cash invested.
-14.74%
Cash On Cash
3.42%
Cap Rate
0.56
DSCR
$3,076
Rent
-$1,308
Cashflow
Cash Flow
$3,076 income − $4,384 expenses = $1,308 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,070
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,076
Total Expenses
$4,384
Mortgage P&I
84%
$2,597
Property Taxes
24%
$746
Home Insurance
5%
$154
HOA
3%
$86
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0