This property looks like a bad Long-Term investment with a projected -14.91% first-year return on $106k initial cash invested.
-14.91%
Cash On Cash
3.68%
Cap Rate
0.57
DSCR
$2,900
Rent
-$1,321
Cashflow
Cash Flow
$2,900 income − $4,221 expenses = $1,321 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,063
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,900
Total Expenses
$4,221
Mortgage P&I
94%
$2,729
Property Taxes
19%
$537
Home Insurance
7%
$201
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0