This property looks like a bad Long-Term investment with a projected -16.2% first-year return on $106k initial cash invested.
-16.2%
Cash On Cash
3.02%
Cap Rate
0.49
DSCR
$2,172
Rent
-$1,431
Cashflow
Cash Flow
$2,172 income − $3,603 expenses = $1,431 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,048
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,172
Total Expenses
$3,603
Mortgage P&I
119%
$2,591
Property Taxes
12%
$267
Home Insurance
8%
$180
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0