This property looks like a bad Long-Term investment with a projected -12.82% first-year return on $106k initial cash invested.
-12.82%
Cash On Cash
3.82%
Cap Rate
0.61
DSCR
$2,405
Rent
-$1,132
Cashflow
Cash Flow
$2,405 income − $3,537 expenses = $1,132 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,047
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,405
Total Expenses
$3,537
Mortgage P&I
109%
$2,619
Property Taxes
5%
$128
Home Insurance
7%
$166
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0