This property looks like a bad Long-Term investment with a projected -14.96% first-year return on $107k initial cash invested.
-14.96%
Cash On Cash
3.72%
Cap Rate
0.57
DSCR
$2,865
Rent
-$1,328
Cashflow
Cash Flow
$2,865 income − $4,193 expenses = $1,328 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$101k
Closing costs
1%
$5,072
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,865
Total Expenses
$4,193
Mortgage P&I
96%
$2,756
Property Taxes
18%
$513
Home Insurance
6%
$180
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0