This property looks like a bad Long-Term investment with a projected -15.15% first-year return on $106k initial cash invested.
-15.15%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$2,806
Rent
-$1,332
Cashflow
Cash Flow
$2,806 income − $4,138 expenses = $1,332 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,806
Total Expenses
$4,138
Mortgage P&I
98%
$2,752
Property Taxes
17%
$477
Home Insurance
6%
$180
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0