This property looks like a bad Long-Term investment with a projected -6.69% first-year return on $106k initial cash invested.
-6.69%
Cash On Cash
5.64%
Cap Rate
0.85
DSCR
$3,668
Rent
-$592
Cashflow
Cash Flow
$3,668 income − $4,260 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,055
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,668
Total Expenses
$4,260
Mortgage P&I
76%
$2,784
Property Taxes
7%
$266
Home Insurance
5%
$184
HOA
2%
$73
Property Management
10%
$367
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0