This property looks like a bad Long-Term investment with a projected -21.8% first-year return on $105k initial cash invested.
-21.8%
Cash On Cash
2.29%
Cap Rate
0.35
DSCR
$2,410
Rent
-$1,910
Cashflow
Cash Flow
$2,410 income − $4,320 expenses = $1,910 out of pocket
Investment Breakdown
|
Purchase Price
$501k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100k
Closing costs
1%
$5,007
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,410
Total Expenses
$4,320
Mortgage P&I
114%
$2,747
Property Taxes
31%
$746
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$145
Maintenance
5%
$120
Other
0%
$0