This property looks like a bad Long-Term investment with a projected -15.61% first-year return on $105k initial cash invested.
-15.61%
Cash On Cash
3.26%
Cap Rate
0.53
DSCR
$2,797
Rent
-$1,366
Cashflow
Cash Flow
$2,797 income − $4,163 expenses = $1,366 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,797
Total Expenses
$4,163
Mortgage P&I
92%
$2,584
Property Taxes
24%
$676
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0