This property looks like a bad Long-Term investment with a projected -25.25% first-year return on $106k initial cash invested.
-25.25%
Cash On Cash
1.53%
Cap Rate
0.23
DSCR
$2,019
Rent
-$2,232
Cashflow
Cash Flow
$2,019 income − $4,251 expenses = $2,232 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,019
Total Expenses
$4,251
Mortgage P&I
137%
$2,774
Property Taxes
38%
$777
Home Insurance
9%
$175
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0