This property looks like a bad Long-Term investment with a projected -18.56% first-year return on $106k initial cash invested.
-18.56%
Cash On Cash
2.97%
Cap Rate
0.45
DSCR
$2,146
Rent
-$1,644
Cashflow
Cash Flow
$2,146 income − $3,790 expenses = $1,644 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,062
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,146
Total Expenses
$3,790
Mortgage P&I
130%
$2,790
Property Taxes
12%
$255
Home Insurance
9%
$187
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0