This property looks like a bad Long-Term investment with a projected -11.1% first-year return on $106k initial cash invested.
-11.1%
Cash On Cash
4.66%
Cap Rate
0.71
DSCR
$3,490
Rent
-$978
Cashflow
Cash Flow
$3,490 income − $4,468 expenses = $978 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,034
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,490
Total Expenses
$4,468
Mortgage P&I
79%
$2,760
Property Taxes
14%
$502
Home Insurance
5%
$180
HOA
3%
$120
Property Management
10%
$349
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0