This property looks like a bad Long-Term investment with a projected -15.02% first-year return on $106k initial cash invested.
-15.02%
Cash On Cash
3.82%
Cap Rate
0.57
DSCR
$2,690
Rent
-$1,323
Cashflow
Cash Flow
$2,690 income − $4,013 expenses = $1,323 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,032
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,690
Total Expenses
$4,013
Mortgage P&I
104%
$2,792
Property Taxes
13%
$343
Home Insurance
7%
$180
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0