This property looks like a bad Long-Term investment with a projected -17.01% first-year return on $105k initial cash invested.
-17.01%
Cash On Cash
3.37%
Cap Rate
0.51
DSCR
$2,571
Rent
-$1,488
Cashflow
Cash Flow
$2,571 income − $4,059 expenses = $1,488 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,571
Total Expenses
$4,059
Mortgage P&I
107%
$2,762
Property Taxes
14%
$350
Home Insurance
7%
$175
HOA
4%
$103
Property Management
10%
$257
CapEx
5%
$129
Vacancy
6%
$154
Maintenance
5%
$129
Other
0%
$0