This property looks like a bad Long-Term investment with a projected -13.97% first-year return on $107k initial cash invested.
-13.97%
Cash On Cash
3.5%
Cap Rate
0.57
DSCR
$2,689
Rent
-$1,242
Cashflow
Cash Flow
$2,689 income − $3,931 expenses = $1,242 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,082
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,689
Total Expenses
$3,931
Mortgage P&I
96%
$2,591
Property Taxes
11%
$289
Home Insurance
7%
$184
HOA
6%
$169
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0