This property looks like a bad Long-Term investment with a projected -13.29% first-year return on $106k initial cash invested.
-13.29%
Cash On Cash
3.96%
Cap Rate
0.62
DSCR
$2,804
Rent
-$1,176
Cashflow
Cash Flow
$2,804 income − $3,980 expenses = $1,176 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,056
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,804
Total Expenses
$3,980
Mortgage P&I
96%
$2,703
Property Taxes
11%
$314
Home Insurance
7%
$210
HOA
1%
$25
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0