This property looks like a bad Long-Term investment with a projected -15.29% first-year return on $106k initial cash invested.
-15.29%
Cash On Cash
3.84%
Cap Rate
0.57
DSCR
$2,813
Rent
-$1,347
Cashflow
Cash Flow
$2,813 income − $4,160 expenses = $1,347 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,813
Total Expenses
$4,160
Mortgage P&I
100%
$2,819
Property Taxes
15%
$429
Home Insurance
6%
$180
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0