This property looks like a bad Long-Term investment with a projected -8.55% first-year return on $106k initial cash invested.
-8.55%
Cash On Cash
5.15%
Cap Rate
0.79
DSCR
$3,855
Rent
-$753
Cashflow
Cash Flow
$3,855 income − $4,608 expenses = $753 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,035
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,855
Total Expenses
$4,608
Mortgage P&I
71%
$2,721
Property Taxes
18%
$706
Home Insurance
5%
$178
HOA
0%
$0
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$231
Maintenance
5%
$193
Other
0%
$0