This property looks like a bad Long-Term investment with a projected -20.83% first-year return on $107k initial cash invested.
-20.83%
Cash On Cash
1.98%
Cap Rate
0.32
DSCR
$1,358
Rent
-$1,852
Cashflow
Cash Flow
$1,358 income − $3,210 expenses = $1,852 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,081
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,358
Total Expenses
$3,210
Mortgage P&I
193%
$2,623
Property Taxes
4%
$48
Home Insurance
14%
$186
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$81
Maintenance
5%
$68
Other
0%
$0