This property looks like a bad Long-Term investment with a projected -11.14% first-year return on $105k initial cash invested.
-11.14%
Cash On Cash
4.17%
Cap Rate
0.67
DSCR
$2,728
Rent
-$976
Cashflow
Cash Flow
$2,728 income − $3,704 expenses = $976 out of pocket
Investment Breakdown
|
Purchase Price
$501k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100k
Closing costs
1%
$5,008
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,728
Total Expenses
$3,704
Mortgage P&I
95%
$2,580
Property Taxes
9%
$237
Home Insurance
7%
$178
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0