This property looks like a bad Long-Term investment with a projected -16.52% first-year return on $105k initial cash invested.
-16.52%
Cash On Cash
3.25%
Cap Rate
0.51
DSCR
$2,557
Rent
-$1,450
Cashflow
Cash Flow
$2,557 income − $4,007 expenses = $1,450 out of pocket
Investment Breakdown
|
Purchase Price
$502k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100k
Closing costs
1%
$5,015
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,557
Total Expenses
$4,007
Mortgage P&I
105%
$2,679
Property Taxes
19%
$483
Home Insurance
7%
$180
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0