This property looks like a bad Long-Term investment with a projected -14.91% first-year return on $105k initial cash invested.
-14.91%
Cash On Cash
3.77%
Cap Rate
0.57
DSCR
$2,827
Rent
-$1,305
Cashflow
Cash Flow
$2,827 income − $4,132 expenses = $1,305 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%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,827
Total Expenses
$4,132
Mortgage P&I
97%
$2,735
Property Taxes
17%
$487
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0