This property looks like a bad Long-Term investment with a projected -16.33% first-year return on $106k initial cash invested.
-16.33%
Cash On Cash
3.43%
Cap Rate
0.53
DSCR
$2,797
Rent
-$1,449
Cashflow
Cash Flow
$2,797 income − $4,246 expenses = $1,449 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,797
Total Expenses
$4,246
Mortgage P&I
99%
$2,758
Property Taxes
21%
$578
Home Insurance
7%
$182
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0