This property looks like a bad Long-Term investment with a projected -16.26% first-year return on $106k initial cash invested.
-16.26%
Cash On Cash
3.17%
Cap Rate
0.5
DSCR
$2,275
Rent
-$1,439
Cashflow
Cash Flow
$2,275 income − $3,714 expenses = $1,439 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,056
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,275
Total Expenses
$3,714
Mortgage P&I
117%
$2,660
Property Taxes
12%
$278
Home Insurance
8%
$184
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0