This property looks like a bad Long-Term investment with a projected -20.74% first-year return on $106k initial cash invested.
-20.74%
Cash On Cash
2.43%
Cap Rate
0.37
DSCR
$2,015
Rent
-$1,828
Cashflow
Cash Flow
$2,015 income − $3,843 expenses = $1,828 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%
$5,036
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,015
Total Expenses
$3,843
Mortgage P&I
136%
$2,748
Property Taxes
20%
$407
Home Insurance
8%
$163
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0