This property looks like a bad Long-Term investment with a projected -8.78% first-year return on $106k initial cash invested.
-8.78%
Cash On Cash
4.76%
Cap Rate
0.78
DSCR
$3,937
Rent
-$776
Cashflow
Cash Flow
$3,937 income − $4,713 expenses = $776 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,051
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,937
Total Expenses
$4,713
Mortgage P&I
66%
$2,582
Property Taxes
24%
$932
Home Insurance
4%
$175
HOA
0%
$0
Property Management
10%
$394
CapEx
5%
$197
Vacancy
6%
$236
Maintenance
5%
$197
Other
0%
$0