This property looks like a bad Long-Term investment with a projected -22.73% first-year return on $106k initial cash invested.
-22.73%
Cash On Cash
1.95%
Cap Rate
0.3
DSCR
$1,363
Rent
-$2,005
Cashflow
Cash Flow
$1,363 income − $3,368 expenses = $2,005 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,041
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,363
Total Expenses
$3,368
Mortgage P&I
202%
$2,757
Property Taxes
7%
$90
Home Insurance
12%
$167
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0