This property looks like a bad Long-Term investment with a projected -7.15% first-year return on $106k initial cash invested.
-7.15%
Cash On Cash
5.07%
Cap Rate
0.82
DSCR
$3,494
Rent
-$632
Cashflow
Cash Flow
$3,494 income − $4,126 expenses = $632 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,494
Total Expenses
$4,126
Mortgage P&I
74%
$2,590
Property Taxes
13%
$447
Home Insurance
5%
$180
HOA
0%
$0
Property Management
10%
$349
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0