This property looks like a bad Long-Term investment with a projected -17.5% first-year return on $106k initial cash invested.
-17.5%
Cash On Cash
3.2%
Cap Rate
0.49
DSCR
$2,881
Rent
-$1,539
Cashflow
Cash Flow
$2,881 income − $4,420 expenses = $1,539 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,025
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,881
Total Expenses
$4,420
Mortgage P&I
95%
$2,733
Property Taxes
26%
$763
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0