This property looks like a bad Long-Term investment with a projected -11.66% first-year return on $106k initial cash invested.
-11.66%
Cash On Cash
4.03%
Cap Rate
0.65
DSCR
$2,632
Rent
-$1,030
Cashflow
Cash Flow
$2,632 income − $3,662 expenses = $1,030 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,049
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,632
Total Expenses
$3,662
Mortgage P&I
99%
$2,594
Property Taxes
7%
$195
Home Insurance
7%
$188
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0