This property looks like a bad Long-Term investment with a projected -14.89% first-year return on $105k initial cash invested.
-14.89%
Cash On Cash
3.69%
Cap Rate
0.58
DSCR
$3,439
Rent
-$1,308
Cashflow
Cash Flow
$3,439 income − $4,747 expenses = $1,308 out of pocket
Investment Breakdown
|
Purchase Price
$502k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100k
Closing costs
1%
$5,020
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,439
Total Expenses
$4,747
Mortgage P&I
78%
$2,680
Property Taxes
28%
$950
Home Insurance
5%
$176
HOA
1%
$47
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0