This property looks like a bad Long-Term investment with a projected -15.47% first-year return on $106k initial cash invested.
-15.47%
Cash On Cash
3.56%
Cap Rate
0.55
DSCR
$2,674
Rent
-$1,365
Cashflow
Cash Flow
$2,674 income − $4,039 expenses = $1,365 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,041
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,674
Total Expenses
$4,039
Mortgage P&I
102%
$2,727
Property Taxes
16%
$440
Home Insurance
7%
$177
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0