This property looks like a bad Long-Term investment with a projected -20.12% first-year return on $105k initial cash invested.
-20.12%
Cash On Cash
2.35%
Cap Rate
0.37
DSCR
$1,765
Rent
-$1,760
Cashflow
Cash Flow
$1,765 income − $3,525 expenses = $1,760 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,765
Total Expenses
$3,525
Mortgage P&I
150%
$2,649
Property Taxes
14%
$243
Home Insurance
10%
$175
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0