This property looks like a bad Long-Term investment with a projected -23.55% first-year return on $105k initial cash invested.
-23.55%
Cash On Cash
1.46%
Cap Rate
0.24
DSCR
$1,739
Rent
-$2,060
Cashflow
Cash Flow
$1,739 income − $3,799 expenses = $2,060 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
$1,739
Total Expenses
$3,799
Mortgage P&I
148%
$2,582
Property Taxes
34%
$590
Home Insurance
10%
$175
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0