This property looks like a bad Long-Term investment with a projected -17.45% first-year return on $106k initial cash invested.
-17.45%
Cash On Cash
3.3%
Cap Rate
0.49
DSCR
$2,319
Rent
-$1,541
Cashflow
Cash Flow
$2,319 income − $3,860 expenses = $1,541 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,319
Total Expenses
$3,860
Mortgage P&I
121%
$2,812
Property Taxes
11%
$256
Home Insurance
8%
$189
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0