This property looks like a bad Long-Term investment with a projected -14.08% first-year return on $106k initial cash invested.
-14.08%
Cash On Cash
4.11%
Cap Rate
0.61
DSCR
$2,769
Rent
-$1,244
Cashflow
Cash Flow
$2,769 income − $4,013 expenses = $1,244 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,769
Total Expenses
$4,013
Mortgage P&I
102%
$2,835
Property Taxes
10%
$282
Home Insurance
6%
$177
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0