This property looks like a bad Long-Term investment with a projected -13.28% first-year return on $106k initial cash invested.
-13.28%
Cash On Cash
4.08%
Cap Rate
0.63
DSCR
$3,021
Rent
-$1,177
Cashflow
Cash Flow
$3,021 income − $4,198 expenses = $1,177 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,064
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,021
Total Expenses
$4,198
Mortgage P&I
91%
$2,746
Property Taxes
16%
$487
Home Insurance
6%
$180
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0