This property looks like a bad Long-Term investment with a projected -15.99% first-year return on $105k initial cash invested.
-15.99%
Cash On Cash
3.47%
Cap Rate
0.53
DSCR
$2,475
Rent
-$1,399
Cashflow
Cash Flow
$2,475 income − $3,874 expenses = $1,399 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,475
Total Expenses
$3,874
Mortgage P&I
110%
$2,719
Property Taxes
14%
$336
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0