This property looks like a bad Long-Term investment with a projected -0.43% first-year return on $106k initial cash invested.
-0.43%
Cash On Cash
6.79%
Cap Rate
1.07
DSCR
$4,345
Rent
-$38
Cashflow
Cash Flow
$4,345 income − $4,383 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,040
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,345
Total Expenses
$4,383
Mortgage P&I
62%
$2,673
Property Taxes
9%
$371
Home Insurance
5%
$210
HOA
0%
$0
Property Management
10%
$434
CapEx
5%
$217
Vacancy
6%
$261
Maintenance
5%
$217
Other
0%
$0