This property looks like a bad Long-Term investment with a projected -11.93% first-year return on $106k initial cash invested.
-11.93%
Cash On Cash
4.36%
Cap Rate
0.67
DSCR
$3,221
Rent
-$1,051
Cashflow
Cash Flow
$3,221 income − $4,272 expenses = $1,051 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%
$5,035
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,221
Total Expenses
$4,272
Mortgage P&I
84%
$2,720
Property Taxes
15%
$476
Home Insurance
6%
$178
HOA
2%
$61
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0