This property looks like a bad Long-Term investment with a projected -23.91% first-year return on $105k initial cash invested.
-23.91%
Cash On Cash
1.87%
Cap Rate
0.28
DSCR
$2,359
Rent
-$2,092
Cashflow
Cash Flow
$2,359 income − $4,451 expenses = $2,092 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,359
Total Expenses
$4,451
Mortgage P&I
117%
$2,751
Property Taxes
23%
$532
Home Insurance
7%
$175
HOA
16%
$379
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0