This property looks like a bad Long-Term investment with a projected -19.61% first-year return on $106k initial cash invested.
-19.61%
Cash On Cash
3.02%
Cap Rate
0.45
DSCR
$3,034
Rent
-$1,730
Cashflow
Cash Flow
$3,034 income − $4,764 expenses = $1,730 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,040
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,034
Total Expenses
$4,764
Mortgage P&I
94%
$2,846
Property Taxes
31%
$946
Home Insurance
6%
$178
HOA
0%
$5
Property Management
10%
$303
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0