This property looks like a bad Long-Term investment with a projected -18.85% first-year return on $106k initial cash invested.
-18.85%
Cash On Cash
2.67%
Cap Rate
0.42
DSCR
$2,510
Rent
-$1,663
Cashflow
Cash Flow
$2,510 income − $4,173 expenses = $1,663 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,041
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,510
Total Expenses
$4,173
Mortgage P&I
106%
$2,659
Property Taxes
25%
$636
Home Insurance
9%
$224
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0