This property looks like a bad Long-Term investment with a projected -18.45% first-year return on $106k initial cash invested.
-18.45%
Cash On Cash
2.64%
Cap Rate
0.42
DSCR
$2,093
Rent
-$1,626
Cashflow
Cash Flow
$2,093 income − $3,719 expenses = $1,626 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,036
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,093
Total Expenses
$3,719
Mortgage P&I
126%
$2,629
Property Taxes
16%
$329
Home Insurance
9%
$184
HOA
2%
$32
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0