This property looks like a bad Long-Term investment with a projected -12.32% first-year return on $107k initial cash invested.
-12.32%
Cash On Cash
3.86%
Cap Rate
0.63
DSCR
$2,704
Rent
-$1,094
Cashflow
Cash Flow
$2,704 income − $3,798 expenses = $1,094 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%
$5,076
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,704
Total Expenses
$3,798
Mortgage P&I
96%
$2,593
Property Taxes
12%
$314
Home Insurance
7%
$189
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0