This property looks like a bad Long-Term investment with a projected -11.66% first-year return on $105k initial cash invested.
-11.66%
Cash On Cash
4.39%
Cap Rate
0.68
DSCR
$3,273
Rent
-$1,021
Cashflow
Cash Flow
$3,273 income − $4,294 expenses = $1,021 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100k
Closing costs
1%
$5,002
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,273
Total Expenses
$4,294
Mortgage P&I
82%
$2,687
Property Taxes
17%
$572
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$327
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0