This property looks like a bad Long-Term investment with a projected -21.87% first-year return on $106k initial cash invested.
-21.87%
Cash On Cash
1.86%
Cap Rate
0.3
DSCR
$1,574
Rent
-$1,936
Cashflow
Cash Flow
$1,574 income − $3,510 expenses = $1,936 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,059
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,574
Total Expenses
$3,510
Mortgage P&I
168%
$2,642
Property Taxes
17%
$272
Home Insurance
12%
$187
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0