This property looks like a bad Long-Term investment with a projected -18.15% first-year return on $106k initial cash invested.
-18.15%
Cash On Cash
2.87%
Cap Rate
0.45
DSCR
$2,220
Rent
-$1,596
Cashflow
Cash Flow
$2,220 income − $3,816 expenses = $1,596 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,025
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,220
Total Expenses
$3,816
Mortgage P&I
121%
$2,687
Property Taxes
16%
$347
Home Insurance
9%
$205
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0