This property looks like a bad Long-Term investment with a projected -8.94% first-year return on $106k initial cash invested.
-8.94%
Cash On Cash
4.47%
Cap Rate
0.74
DSCR
$2,858
Rent
-$787
Cashflow
Cash Flow
$2,858 income − $3,645 expenses = $787 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$101k
Closing costs
1%
$5,029
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,858
Total Expenses
$3,645
Mortgage P&I
88%
$2,516
Property Taxes
7%
$208
Home Insurance
6%
$178
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0